$GMX Breakdown in Progress! Bears Take Control

After hitting a 24h high of $13.97, $GMX faced heavy resistance and is now sliding fast currently trading around $13.42.

The recent rally from $12.65 appears to be losing steam, with lower highs and rising sell volume pointing toward short-term weakness.

📉 Bearish Setup Now Active: If $GMX fails to reclaim the $13.70 level, this could be a prime shorting zone.

Short Trade Plan: • Entry Zone: $13.40 – $13.60

• Target 1: $13.05

• Target 2: $12.70

• Final Target: $12.40

• Stop Loss: Above $13.85