Coins that are undergoing such heavy accumulation are likely to enter a parabolic phase soon. The key point to note here is that these coins have neither broken their 6-7 month lows nor their highs, clearly indicating that they are being heavily accumulated.
A coin whose technology and on-chain data always keep me bullish on the project. During this bull season, I see $GMX reaching between $200-$300, with a macro target of $500-$600. ๐ ๐
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Your Crypto Guy ๐ฎ๐ณ
Bitcoin is breaking out of its 7day consolidation range.
3-4 hours ago, when Bitcoin broke out, most people opened long positions. About 90% of these positions were opened during the breakout, but the price dropped back to the same range to liquidate them.