$GMX

/USDT – Cracks Are Starting to Show 👀📉

After tagging a local high of $13.97, $GMX couldn’t hold the momentum. It’s now pulling back with real intent — trading around $13.42 and showing early signs of exhaustion. That parabolic push from $12.65 was impressive, but what goes up fast... often comes down just as hard.

We’re now seeing lower highs and rising sell volume — not a great combo for bulls. If $13.70 doesn’t get reclaimed soon, this could turn into a clean short play.

Short Setup on Watch:

Entry: $13.40 – $13.60

Targets:

 • TP1: $13.05

 • TP2: $12.70

 • TP3: $12.40

Stop Loss: Above $13.85

A decisive close below $13.30 (with volume) might just open the gates for a deeper slide. Nothing’s confirmed until the price shows its hand — but the setup is there. Stay nimble, manage risk, and let the chart do the talking.

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