$GMX USDT – MOMENTUM FADES AFTER SPIKE! BEARISH CROSS IN PLAY

BREAK BELOW MA(7) AND MA(99)

REJECTION FROM $13.84 SIGNALS SELLING PRESSURE

$GMX pumped to $13.84 but has since lost steam, now pulling back to $12.67. Price has broken below all major short-term MAs — MA(7), MA(25), and MA(99) — suggesting a momentum shift toward the downside.

The chart shows a bearish crossover between MA(7) and MA(25), with lower highs forming. Without quick recovery above $13.00, more downside pressure could follow.

Trade Setup (Short):

Entry: $12.75–$12.85 (on minor retest)

Targets:

• TP1: $12.20

• TP2: $11.80

Stop Loss: $13.10

Outlook: Trend weakening; bears may remain in control below $13.00 unless bulls reclaim MAs with volume.

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