📉 $GMX /USDT – Bears' pressure is dominant
💹 Market Performance
Current Price: $15.31 (-11.76%)
24h High: $17.68
24h Low: $15.12
24h Volume: 483,828 GMX / 7.90M USDT
📊 Technical Situation
The price is currently near MA60 (15.32), which means it is at the support/resistance zone.
RSI is approaching the oversold zone, indicating weakness and a potential short recovery.
MACD is giving bearish signals, the trend is downward.
⚡ Key Levels
Nearby Support: 15.10 – 15.00 USDT
If this breaks, the next major support is at 14.50 – 14.20 USDT.
Resistance: 15.80 – 16.20 USDT (this level must be broken for a rebound).
💰 Potential Trade Setup
Entry Zone: 15.10 – 15.30 USDT (if support holds)
Targets:
🎯 TP1: 15.80 USDT
🎯 TP2: 16.20 USDT
Stop Loss: 14.90 USDT
⚠️ Note: The trend is currently bearish. Execute short trades only with risk management, and at this time, short rebound trades are safer than long-term investments
