🚨 $GMX /USDT - Retest Done? Get Ready to SHORT! 📉

Current Price: $16.62 (+5.90%) 📈

24H Range: $15.02 - $16.87 ↕️

Key Levels to Watch: 👀

🔴 Resistance Zone: $16.70 - $16.87

🟢 Support Level: $16.00

➡️ Previous Breakout: $16.10

Market Analysis: 🤔

$GMX had a quick pump above $16.00, but it's now looking weak near the $16.70 resistance. We're seeing a rejection candle after that spike, which could mean a good SHORT opportunity is coming up! 👇

Short Trade Setup: 🎯

Entry Zone: $16.55 - $16.70 (look for those rejection highs!) 🏹

Target 1: $16.00 🎯

Target 2: $15.40 🎯🎯

Stop Loss: $16.90 🛑

Pro Tip! 🧠

Keep an eye out! If the price closes below $16.45 on the 30-minute chart with lower volume, that's a stronger signal to go short. Also, watch for a quick move up to grab liquidity near $16.70 before entering your short position. 😉

Trade smart, not fast! 🐢💨

$GMX Trade here

#GMXUSDT #ShortTrade #CryptoTrading #BearishSignal #TechnicalAnalysis