$GMX SHORT — Heavy Rejection & Breakdown Setup
Entry: 7.080 – 7.110
TP1: 6.920
TP2: 6.750
TP3: 6.580
SL: 7.450
Price experienced a sharp rejection after spiking to the 8.183 high, printing aggressive red candles that broke directly through dynamic support. Strong sell volume accompanying the drop signals heavy distribution pressure, favoring further downside continuation toward lower moving average levels.
$GMX
Entry: 7.080 – 7.110
TP1: 6.920
TP2: 6.750
TP3: 6.580
SL: 7.450
Price experienced a sharp rejection after spiking to the 8.183 high, printing aggressive red candles that broke directly through dynamic support. Strong sell volume accompanying the drop signals heavy distribution pressure, favoring further downside continuation toward lower moving average levels.
$GMX