$GMX just did something that changes the whole mood of this chart.

We saw a clean breakout, then a pullback, and instead of falling apart it held right where it should. What used to push price down is now acting like a floor. That’s not noise. That’s how real trend shifts begin.

The retest is the key part here. Most fake moves die there. GMX didn’t. Buyers stepped in and defended it, which tells us they’re not done yet. As long as price keeps respecting this base, dips are not weakness, they’re chances.

The first line that really matters is 9,190. That’s the level that turns this into a proper bullish structure. If GMX stays above it, the road opens toward 10,530. If momentum builds there, the bigger picture starts pointing to 12,000.

This is not a chase. This is a wait and react zone. Let price come to you, let the support prove itself, and then let the trend do the work. GMX is no longer in breakdown mode. It’s trying to build something new.

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