The 
GMXUSDT.P price is consolidating after a sharp decline and is currently hovering around $19.870. A breakout above resistance or a drop below support will define the next move.
Two possible scenarios:
Bullish scenario: Holding above $20.480 activates a long setup towards $22.025.
Bearish scenario: Losing $19.220 confirms a short setup towards $18.040.
Best approach – place both scenarios in your watchlist and wait for confirmation.
This allows traders to avoid guessing and enter only after confirmation.
⏱ 1H Timeframe
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LONG GMXUSDT.P from $20.480
Stop Loss: $19.870
Overview:
️ GMXUSDT.P is stabilizing around $19.870 – $20.065 (POC), the key liquidity zone.
️ The price is attempting a recovery but hasn’t broken $20.210 yet.
️ A confirmed breakout above $20.480 would open the way toward $21.250 and $22.025.
Plan:
Bullish confirmation requires a breakout above $20.480 and consolidation.
Monitor reaction at $20.065 (POC) – the key volume zone.
If the breakout is weak, a pullback to $19.770 is possible.
Take Profit targets:
TP1: $21.250 – local resistance.
TP2: $22.025 – main profit-taking zone.
GMXUSDT.P is testing a key level — waiting for a breakout signal!
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SHORT GMXUSDT.P from $19.220
Stop Loss: $19.770
Overview:
️ If the price fails to break $20.065 and starts dropping, a test of $19.220 is expected.
️ A breakdown below $19.220 could trigger a move toward $18.655 and $18.040.
️ Volume indicators suggest possible distribution, increasing bearish pressure.
Plan:
Bearish confirmation requires a break below $19.220 and consolidation.
Watch reaction at $19.770 – if it holds, a reversal could form.
If selling pressure increases, the drop could accelerate.
Take Profit targets:
TP1: $18.655 – intermediate support.
TP2: $18.040 – deep correction.
GMXUSDT.P is at risk of a breakdown — expecting a move to $18.040!