$GMX /USDT BEARISH SHORT SETUP

GMX/USDT is undergoing a sharp bearish correction with strong selling pressure evident on multiple timeframes. The price has broken key support levels and is trending lower with increasing volume, confirming sustained downward momentum. Resistance now forms near recent breakdown zones.

Entry: Initiate short on a breakdown below 16.65

Target 1: 16.20

Target 2: 15.80

Stop Loss: 17.10 (placed above recent minor resistance to limit risk)

Risk Management: Use a minimum risk-to-reward ratio of 1:2. Limit trade risk to 1-2% of total capital. Move stop loss to breakeven after the first target is reached to secure profits.

This setup capitalizes on continued bearish momentum while ensuring disciplined risk control for effective trading.

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