$GMX /USDT – SHORT TRADE SETUP
Market Overview:
is under heavy selling pressure, down -11.76% after dropping from the $17.68 daily high to hover near the $15.30 zone. Price is trading below the 60MA ($15.32), showing that bears remain in control. If $15.12 breaks, the next leg down could target deeper supports.
Key Levels:
Resistance: $15.40 – $15.60
Support: $15.12 – $14.90
Trade Plan (SHORT):
Entry: $15.35 – $15.45
Targets:
🎯 TP1: $15.12
🎯 TP2: $14.95
🎯 TP3: $14.80
Stop Loss: $15.65
💡 Tip: Look for a clear rejection from $15.40–$15.45 with increasing sell volume before entering for better risk control.