Hi All,
GMX is one of those I'm looking to get the bottom for accumulation and go long.
For now, we have made a top to only pullback like #OP to a base accumulation range.
With a ABC correction, we could have a breakout descending wedge trade very much in like a rise wedge breakout entry.
Note how its aligned with the Livermore (broadening wedge)...
Looking at GMX, it has been in an upward trend for a few months now a good coin with potential. With recent world events i am looking for a pullback if it ends up making this new lower high. target of close to 0.618 retracement.
I can see alot of hype being generated on this project, which is among my watchlist also, but lets be real its a bear market for every 50% rise from an ALTcoin you expect alot of profit capitulation, so i'm for the meantime bearish and bullish overall as this project will stand out different and hopefully will do well next bull season
