$GMX /USDC – SHORT TRADE SIGNAL🔴
REJECTION FROM $14.43 SUPPLY ZONE
STRONG DOWNTREND WITH LOWER HIGHS
KEY SUPPORT AT $13.77 UNDER PRESSURE
$GMX continues its bearish trajectory after failing to hold above $14.00. Price action shows consistent lower highs, and the recent breakdown below $13.88 signals increasing bearish momentum. A confirmed move below $13.77 could trigger further downside.
🔴 Short Trade Setup:
• Entry Zone: $13.88 – $14.10
• Take Profit (TP): $12.71
• Stop Loss (SL): $14.47
Market Outlook:
Bearish pressure dominates. If $GMX loses $13.77 with volume, expect a slide toward the $12.70 support area.