$GMX /Short USDT Trade 🔥💯
Current Price: $23.52
Entry Area: $23.80 – $24.50
Resistance: $24.80 – $25.50
Targets:
🎯 TP1: $22.80
🎯 TP2: $21.90
🎯 TP3: $20.50
Stop Loss: $25.80 (Above the main resistance)
Market Context:
GMX is facing rejection near $24.50, with weakening momentum. If the price does not reclaim resistance, a further downward trend is anticipated.
📉 Risk Management: Keep risk at 2-3% for each trade, ensuring stop loss above resistance to avoid unexpected reversals.
💡 Professional Tip: Watch for a weak bounce near $24.00 with decreasing volume—this could signal a strong short entry point. 🚀