GMXUSDT Short Setup Crushes TP1! Bearish Momentum Eyes TP4GMXUSDT on the 4-Hour timeframe executed a short trade setup, successfully hitting TP1 and showing strong momentum to likely reach the remaining targets.
Trade Highlights:
Entry: $36.805
TP1: $30.815 (DONE)
TP2: $21.125
TP3: $11.430
TP4: $5.445
Stop Loss: $41.650
Technical Insights:
The downtrend is well-supported by bearish confirmations from the Risological Trading Indicator , with clear rejection at resistance levels. Momentum indicators suggest a continuation of the bearish move.
Gmxshort
GMX USDT By HesamUNT ( New update )hey traders
we got the rejection from daily and Weekly Swap and broke down the short and mid-term Demand zones
also we had potential demand zone at daily TF around 39-43 $ and PA confirmed this lvl so many times
Now we break it down and price still playing below this zone
so i can take it as a potential Swap and resistance area in next touches and working as a supply zone in higher TF Chart. also this Swap confirmed by Long-term short scenario fib EXT and EMA 200, EMA 50-200 still bearish in Weekly Daily 4H TF, but we have bullcross in 30m and 1H TF
thats why we can expect some buy pressure around 30$ to the 39$ which is our Supply zone and swap and fib areaa
what u think ?
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