$GMX /USDT Trade Signal – Bearish Setup

Market Snapshot

Current Price: $14.30 (-8.86%)

Trend: Bearish across all timeframes

EMA 7: $14.82 (price below – short-term bearish)

EMA 25: $15.22 (price below – mid-term bearish)

EMA 99: $14.95 (price below – long-term bearish)

Key Support & Resistance

Support: $13.85 (24h Low)

Resistance: $15.71 (24h High)

Watch for a break below $13.85 (opens downside) or bounce toward EMAs (temporary relief rally).

Momentum & Volume

MACD likely bearish (confirm with histogram)

24h Volume: 116K$GMX / $1.7M – declining price = selling pressure

Short-term timeframes may be oversold (15m–4h), but trend remains down on the daily chart.

Trade Setups

Short Trade (High Probability)

Entry: $14.82 (EMA7) or rejection near $14.95 (EMA99)

Stop-Loss: $15.25 (above EMA25)

Target: $13.85 (and lower if broken)

Long Trade (Speculative / Bounce Play)

Entry: Only if $13.85 holds with bullish reversal signal

Stop-Loss: Below $13.85

Target: $14.82 (EMA7)

Risk Management

Keep exposure low – 1–2% per trade

Confirm trades with RSI or candlestick patterns before entering

Signal: SHORT BIAS – Favor sell setups unless strong bounce confirms.