🚨 $GMX UNDER PRESSURE – WHAT'S NEXT? 🚨

$GMX is trading at $28.97, down 12.29% after a sharp rejection at the recent high of $35.29. The selling pressure is intensifying, but critical levels could decide its next move.

💡 Key Levels to Watch:

Immediate Support: $28.00 – Holding this level could spark a recovery.

Critical Resistance: $30.36 – A breakout above this zone is needed to regain momentum.

Potential Downside: If $28.00 breaks, expect a drop toward $24.66 or even $19.73.

📉 Volume Surge – Bearish or Bullish?

With a spike in volume, the market is signaling high interest, but the bearish candlesticks suggest caution.

⚡ Trade Setup:

Bullish Scenario: Enter above $30.36 with targets at $32.50 and $35.00. Stop loss at $28.00.

Bearish Scenario: Short below $28.00 with targets at $24.66 and $19.73. Stop loss at $30.36.

🔍 Market Outlook:

The current momentum leans bearish, but a rebound is possible if bulls defend key support. Stay alert for confirmation signals before entering.

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