🔴 SHORT SIGNAL — $GMX | Score: 23/100 | LOW
Overbought pressure at +2.55% is triggering a short zone, as the recent rally has pushed $GMX into extremely overvalued territory, making a reversal highly probable.
Entry: $6.0602 — $6.0179
TP1: $5.8190
TP2: $5.5175
TP3: $5.1255
SL: $6.2953
Resistance at $6.1300 is crucial, given the volume of 2.62M, I'm confident that $GMX will struggle to break through, making this a prime short entry, I'm shorting $GMX with a high conviction that it will drop to my targets, Disclaimer: Trade at your own risk.
#Crypto #BTC #Binance #CryptoSignals #CryptoFlix
Overbought pressure at +2.55% is triggering a short zone, as the recent rally has pushed $GMX into extremely overvalued territory, making a reversal highly probable.
Entry: $6.0602 — $6.0179
TP1: $5.8190
TP2: $5.5175
TP3: $5.1255
SL: $6.2953
Resistance at $6.1300 is crucial, given the volume of 2.62M, I'm confident that $GMX will struggle to break through, making this a prime short entry, I'm shorting $GMX with a high conviction that it will drop to my targets, Disclaimer: Trade at your own risk.
#Crypto #BTC #Binance #CryptoSignals #CryptoFlix