$GMX Short Liquidation: $5.2424K at $9.033
Explanation:
Shorts got liquidated around $9.033, showing sellers were expecting a breakdown, but the price held support and bounced. This indicates buyers stepped in strongly at a key level, forcing shorts out of the market.
Next Move:
If $GMX holds above $9.00, buyers can push toward the next resistance zone. Failure to hold this level may trap late longs again.
Targets:
TG1: $9.18
TG2: $9.37
TG3: $9.61
Pro Tip:
Trade with the trend, not against support. Shorting near bottom zones usually leads to forced liquidations.
