$GMX /USDT Short Trade Setup 🔥💯
Current Price: $23.67
Entry Zone: $23.80 – $24.50
Resistance: $24.80 – $25.50
Targets:
🎯 TP1: $22.80
🎯 TP2: $21.90
🎯 TP3: $20.50
Stop Loss: $25.80 (Above key resistance)
Market Context:
GMX is facing rejection near $24.50, with weakening momentum. If price fails to reclaim resistance, a bearish continuation is expected.
📉 Risk Management: Keep risk at 2-3% per trade, ensuring a stop-loss above resistance to avoid sudden reversals.
💡 Pro Tip: Watch for a weak bounce near $24.00 with declining volume—this could signal a strong short entry. 🚀
GMXUSDT
Perp
6.369
-3.57%
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