๐จ $GMX /USDT - Retest Done? Get Ready to SHORT! ๐
Current Price: $16.62 (+5.90%) ๐
24H Range: $15.02 - $16.87 โ๏ธ
Key Levels to Watch: ๐
๐ด Resistance Zone: $16.70 - $16.87
๐ข Support Level: $16.00
โก๏ธ Previous Breakout: $16.10
Market Analysis: ๐ค
$GMX had a quick pump above $16.00, but it's now looking weak near the $16.70 resistance. We're seeing a rejection candle after that spike, which could mean a good SHORT opportunity is coming up! ๐
Short Trade Setup: ๐ฏ
Entry Zone: $16.55 - $16.70 (look for those rejection highs!) ๐น
Target 1: $16.00 ๐ฏ
Target 2: $15.40 ๐ฏ๐ฏ
Stop Loss: $16.90 ๐
Pro Tip! ๐ง
Keep an eye out! If the price closes below $16.45 on the 30-minute chart with lower volume, that's a stronger signal to go short. Also, watch for a quick move up to grab liquidity near $16.70 before entering your short position. ๐
Trade smart, not fast! ๐ข๐จ
$GMX Trade here
#GMXUSDT #ShortTrade #CryptoTrading #BearishSignal #TechnicalAnalysis