⚡ GMX/USDT Trade Signal – Short Setup in Play! 📉

🔴 Position: Short

🔹 Entry Zone: $20.20 - $20.60

📊 Avg. Entry: $20.40

❌ Stop Loss: $21.50 (+5.39%)

🎯 Target Levels:

1️⃣ $19.50 (-4.41%)

2️⃣ $18.80 (-7.84%)

3️⃣ $18.20 (-10.78%)

4️⃣ $17.50 (-14.22%)

5️⃣ $16.80 (-17.65%)

6️⃣ $16.00 (-21.57%)

7️⃣ $15.30 (-25.00%)

8️⃣ $14.50 (-28.92%)

📌 Why This Trade?

🔹 RSI (14) at 33.14 – Weak momentum, not yet oversold.

🔹 Stochastic RSI near 20 – Further downside possible.

🔹 MACD bearish despite slight histogram recovery.

🔹 $20.50 resistance holding – Price struggling to reclaim.

🔹 Bearish trend remains with strong sell volume earlier.

📌 Trade Considerations:

✅ Risk Management: Stop-loss set to limit downside.

✅ Position Sizing: Adjust based on risk tolerance.

✅ Market Volatility: Stay alert for fluctuations.

✅ Trade Monitoring: Adjust targets & stop-loss if needed.

⚠️ Disclaimer: This is not financial advice. Always do your own research & trade responsibly!

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