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$GMX Range Consolidation Breakout Pending
Price is moving inside a tight range after a strong push, forming a sideways structure between support and resistance. Buyers are defending the 7.10–7.20 zone, while sellers are capping near 7.40–7.50.
Multiple rejection wicks on top show resistance pressure, but higher lows indicate accumulation. A breakout from this range will decide the next trend direction.
Trade Setup:
Entry: $7.10 – $7.20
SL: $6.85
TP1: $7.40
TP2: $7.70
⚠️ Trade inside range carefully — wait for clean breakout for stronger confirmation
$GMX