$GMX is under pressure after getting rejected from the 8.90–9.00 zone. Price is struggling to hold higher levels and sellers are clearly active on every bounce. The overall structure still looks weak, so downside continuation remains more likely unless we see a strong reclaim.

Trade Plan (Short)

Entry:

8.50 – 8.70 area on rejection

Targets:

TP1: 8.00

TP2: 7.60

TP3: 7.20 (if selling accelerates)

Stop Loss:

Above 9.05 (clear invalidation)

Buy and trade here on $GMX

GMXUSDT

Διην.

5.909

-0.98%