$GMX /USDT – BEARS GRIP AS MOMENTUM FADES

GMX has lost steam after a sharp pump, failing to break above the $25–$27 resistance zone. Price action now shows rejection and a shift towards lower levels as selling pressure builds. A deeper retracement could be on the cards if support zones fail to hold.

Trade Setup – Short Position

Entry: 20.90 – 21.20

Take Profit 1: 19.90

Take Profit 2: 18.60

Take Profit 3: 17.00

Stop Loss: 25.50

Market Outlook:

If $GMX loses the $20 psychological level, expect acceleration towards $18 and potentially $17. Bulls need to reclaim $25 to negate the bearish setup.

#GMX #CryptoTrading #BearishSetup #USDT #PriceAction

short trade signal is$BTC