$GMX /USDT – SHORT TRADE SETUP
$GMX is trading at 15.86, down over –10% in the last 24h as bearish momentum continues. The market structure shows consistent lower highs and heavy selling pressure, with failed attempts to hold above 16.20.
📉 Short Entry: 15.85 – 16.10
🎯 Targets (TP): 15.20 / 15.00
Stop Loss (SL): 16.45
Market Outlook: Sellers remain in control with strong downside volume. Any relief bounce is likely to be capped near resistance at 16.40, making this a favorable setup for continuation shorts.
