Sharp spike… followed by a quick rejection 👀

Price showed a strong impulsive move upward but immediately faced heavy selling pressure near the highs.

Now forming a recovery with higher lows, indicating buyers are trying to regain control after the flush.

If price reclaims strength above current levels, continuation is possible.

Trade Plan

Entry $7.25 – $7.40

Stop Loss $7.00

Take Profit

TP1 $7.70

TP2 $8.10

TP3 $8.60

Buy and Trade $GMX

GMXUSDT

Perp

6.965

-4.69%