📉 Trading Signal for GMX (GMX) 📉
Current Price: 28.25
Signal Type: Bearish
Reasoning:
The M pattern has completed, suggesting a potential bearish reversal.
We anticipate a price decline from this level.
Action:
Sell/Short: Consider entering a short position or selling at the current price.
Stop Loss: Set a stop loss around 28.60 to manage risk in case the price reverses upwards.
Targets:
1. 🎯 Target 1: 27.00 (Immediate support level)
2. 🎯 Target 2: 25.50 (Next major support zone)
3. 🎯 Target 3: 24.00 (Long-term support)
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