$GMX /USDT BEARISH MOVE AHEAD 🔻 | TECHNICAL ANALYSIS

Current Price: $11.71 (-3.46%)

Timeframe: 1D

MARKET OUTLOOK: BEARISH

GMX has broken below key support and is showing continued weakness on higher timeframes. Sellers are gaining control as lower highs and lower lows dominate the chart.

KEY LEVELS: Resistance Zones:

$12.40 – Recent 24h high

$12.00 – Psychological & structural resistance

Support Zones:

$11.20 – Recent swing low

$10.50 – Major horizontal support from previous accumulation

TRADE SETUP (SHORT):

Entry: $11.70 – $11.80

arget 1: $11.20

Target 2: $10.50 Stop Loss: $12.10

Risk Management Tips:

isk only 1–2% of your capital per trade

Maintain R:R of at least 2:1

Always use SL to avoid liquidation

Patience + Discipline = Consistency

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