$GMX BEARISH BREAKDOWN ๐Ÿ”ป | STRONG DOWNTREND CONTINUES

๐Ÿ“‰ Current Price: $11.25 (-20.61%)

๐Ÿ“… Date: July 9, 2025 | โฐ Timeframe: 4H / 1D

๐Ÿ” KEY LEVELS TO WATCH

๐Ÿ“Œ Resistance:

๐Ÿ”บ $13.80 โ€“ Immediate resistance zone

๐Ÿ”บ $14.57 โ€“ 24H high, strong rejection area

๐Ÿ“Œ Support:

๐Ÿ”ป $11.25 โ€“ Current price (recently broken support)

๐Ÿ”ป $10.23 โ€“ 24H low, crucial support

๐Ÿ”ป $10.00 โ€“ Psychological round number

๐ŸŽฏ TRADE SETUP โ€“ SHORT IDEA

๐Ÿ”ฝ Short Entry: $11.20 โ€“ $11.50

๐ŸŽฏ Take Profits:

TP1: $10.60

TP2: $10.00

TP3: $9.20 (if sell-off deepens)

๐Ÿ›ก๏ธ Stop Loss: $12.20 (above resistance)

๐Ÿ“Š TECHNICAL INDICATORS

๐Ÿ“‰ MACD: Bearish crossover โ€“ momentum building

๐Ÿ“‰ EMA/MA: Price below 20/50 EMA โ€“ confirms trend

๐Ÿ“‰ Volume: Increasing sell-side pressure

๐Ÿ“‰ Bollinger Bands: Price riding lower band โ€“ high bearish volatility

โš ๏ธ RISK MANAGEMENT

๐Ÿ”’ Use max 1-2% risk per trade

๐Ÿ“‰ Set SL immediately after entry

๐Ÿ“Š Use trailing SL if high volatility continues

๐Ÿšซ NO OVERLEVERAGING โ€“ TRADE SMART, STAY SAFE! ๐Ÿ’ผ

#BinanceHODLerLA #SECETFApproval #BinanceTurns8 #BreakoutTradingStrategy #Write2Earn! $GMX