💣 $GMX /USDT – Bears Back in Control! 🔻

After a sharp pump, $GMX faced a brutal rejection from the $13.20 resistance — the rally is fading fast. Now trading at $12.91, the price action is breaking down with lower highs on the 30m chart, hinting at a deeper drop ahead!

📉 Short Trade Setup:

• Entry Zone: $12.90 – $13.05

• Target 1 (TP1): $12.60

• Target 2 (TP2): $12.15 ✅

• Stop Loss (SL): $13.40

⚙️ Technical View:

Bearish structure confirmed with rejection wicks and weak bullish volume. Sellers are gaining momentum as bulls lose steam.

⚠️ Risk Note:

SL break may flip bias to bullish — always manage your risk with proper position sizing.

🧠 Strategy Breakdown:

We're catching the top of a potential lower high in a downtrend. The key resistance around $13.20–$13.40 acted as a rejection zone, and now the setup favors a move toward prior support areas. Clean structure for a disciplined short trade.

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