#GMX/USDT 8h (Binance Futures) Descending channel breakout

GMX just regained 50MA support and seems to be ready for a rally towards 200MA resistance, probably after a last dip.

⚡️⚡️ #GMX/USDT ⚡️⚡️
Exchanges: Binance Futures
Signal Type: Regular (Long)
Leverage: Isolated (3.0X)
Amount: 6.4%

Current Price:
49.74

Entry Targets:
1) 47.36

Take-Profit Targets:
1) 58.39

Stop Targets:
1) 39.99

Published By: @TradingOn

GMX #GMXUSDT #Gambit #DEx

Risk/Reward= 1:1.5
Expected Profit= +69.9%
Possible Loss= -46.7%
Estimated Gaintime= 2-3 weeks

gmx.io

Trade closed: target reached:

Binance Futures
#GMX/USDT Cancelled ❌
Target achieved before entering the entry zone

GMX grew steadily towards TP, unfortunately entry was never filled.