💣 $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.
📢 Follow @bullishbanteer for more sniper trade setups and crypto market alpha!
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.
📢 Follow @bullishbanteer for more sniper trade setups and crypto market alpha!
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GMX
12.71
-3.12%