🚨 $GMX HITS HEAVY SELLER RESISTANCE AFTER REBOUND AS MOMENTUM COOLS OFF! 📉
Entry: 8.62 ⚡
Target: 8.40 🎯
Stop Loss: 8.90 🛑
📌 After an aggressive push from 7.80 toward 8.90, the bid side is running out of steam right into local supply. 📊 Sellers have stepped in with authority at the highs, trapping late breakout buyers as tape exhaustion sets in.
⚡ Slipping under the 8.60 shelf flips momentum squarely in favor of the bears, opening a swift path toward the 8.40 liquidity pocket. 💬 Are you shorting this rejection or waiting for bulls to attempt another reclaim? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #GMX #ShortSetup #PriceAction #Crypto
🎯 🔻
Entry: 8.62 ⚡
Target: 8.40 🎯
Stop Loss: 8.90 🛑
📌 After an aggressive push from 7.80 toward 8.90, the bid side is running out of steam right into local supply. 📊 Sellers have stepped in with authority at the highs, trapping late breakout buyers as tape exhaustion sets in.
⚡ Slipping under the 8.60 shelf flips momentum squarely in favor of the bears, opening a swift path toward the 8.40 liquidity pocket. 💬 Are you shorting this rejection or waiting for bulls to attempt another reclaim? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #GMX #ShortSetup #PriceAction #Crypto
🎯 🔻