{"content":"$GMX /USDT Breakdown Begins – Sellers Step In After Local Top GMX hit a 24h high of $13.97, but faced strong rejection and is now pulling back sharply, currently trading at $13.42. After a parabolic move from $12.65, the formation of lower highs and rising sell volume signals short-term weakness. This setup presents a solid shorting opportunity if price fails to reclaim the $13.70 level. Short Trade Signal • Entry Zone: $13.40 – $13.60 • TP1: $13.05 • TP2: $12.70 • TP3: $12.40 (final target) • Stop Loss: Above $13.85 If the price closes below $13.30 with volume, expect further downside pressure. Monitor closely and trail stops accordingly. $GMX {spot}(GMXUSDT)","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025082025/08/05/f496f07fbc684b078a8b6bf4b8710fbf.png"],"tags":[],"tradingPairs":["GMX/USDT"],"quotearticleid":0}