$GMX

GMX-USDT Monthly Technical Analysis 📊
#GMX is currently trading inside a major demand zone after a prolonged corrective phase from its previous all-time high. The chart highlights a completed ABC structure with price attempting to base near the lows.
Key levels to watch:
Immediate Resistance: ~$20.65 – $27.89
Supply Zones: ~$47.69 and ~$72.63
Major Swing High: ~$90+
Long-Term Target (Wave 3): ~$124
If buyers defend the demand zone, a gradual recovery toward higher supply levels is possible. However, failure to hold support could delay the bullish structure.
Overall bias: Accumulation phase with long-term bullish potential if structure confirms.