$GMX /USDT – Temporary Top? Short Trade Signal Alert! 🚨
Current Price: $14.72 (+5.37%)
After a strong pump toward the $14.90 resistance zone, $GMX is now showing signs of exhaustion. The rejection candle near the local high signals a potential short setup.
Key Resistance: $14.90 – $15.00
Support Zones: $14.40 / $14.00
Short Setup Strategy:
• Entry Zone: $14.70 – $14.85
• Target 1: $14.40
• Target 2: $14.00
• Stop Loss: $15.05
Market Insight:
Volume is tapering off as the price pushes higher — a classic sign of a weakening rally. The current bearish 30m candle confirms hesitation near resistance.
Pro Tip: Wait for a 30m candle close below $14.65 to strengthen your short bias before executing.
Bulls may have flexed… but bears might bite back! Ride the retrace smartly!
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