$GMX USDT – BEARISH STRUCTURE RESUMES AFTER FAILED BOUNCE
LOWER HIGHS CONFIRMED
DISTRIBUTION PATTERN UNFOLDING ON 30M CHART
$GMX USDT has failed to reclaim key resistance near $13.80, with back-to-back rejections and heavy red candles forming a bearish continuation. Current structure favors sellers aiming for a drop toward the $13.11 support level.
Short Entry: $13.65
Target: $13.11
Stop Loss: $13.80
Bearish momentum likely to accelerate on break below $13.50. Avoid longs until a solid base is formed.
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