$GMX /USDT Short Trade Setup 🔥
Current Price: $20.68
Entry Zone: $20.80 – $21.50
Resistance: $21.80 – $22.50
Targets:
🎯 TP1: $19.80
🎯 TP2: $18.90
🎯 TP3: $17.80
Stop Loss: $22.80 (Above key resistance)
Market Context:
GMX is facing strong resistance near $21.50 and showing signs of selling pressure. If price struggles to break above this level, further downside is likely.
📉 Risk Management: Keep risk at 2-3% per trade and set a stop-loss above resistance to protect against reversals.
💡 Pro Tip: Look for a rejection near $21.50 with weak buying volume. A failed breakout strengthens the short setup. 🚀
$GMX
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