$GMX

usdt

$GMX is in a clear downtrend, forming lower highs and lower lows.Price has consistently failed to break above the 15.00–15.40 resistance zone.

Recent candles show strong selling wicks, indicating rejection at resistance levels.

Support around 14.20 is weakening; a breakdown below this could trigger a sharper

🎯 Short Trade Levels:

Entry Zone: 14.55 – 14.70

Targets:

Target 1: 14.10

Target 2: 13.60

Target 3: 13.05

Stop Loss: 15.25 (above recent rejection zone)

💡 Pro Tips:

Watch for volume spike on the breakdown of 14.20 — could indicate strong momentum.

Don’t chase if price is already near targets; wait for small bounce entries.

$GMX is trading within a bearish channel.

Sellers are dominating rallies and bulls are failing to push past resistance.

A breakdown below 14.20 would likely trigger acceleration to lower targets.