strong buy
GMXUSDT Short Position Targets Highlight Weak Buying Momentum
The sentiment for GMXUSDT is bearish. The price has reached the upper boundary of the local descending wedge, showing signs of a bearish trigger and testing seller zones. Despite some bullish CHoCH signals, they did not confirm a trend continuation, highlighting buyer weakness. Declining volumes during attempted rises further indicate fading momentum. The 13.868 USDT level acts as a weak resistance, possibly hiding a liquidity zone behind it. The potential downside targets include the next demand zone and FVG, where unfilled orders are concentrated. The recommended profit-taking levels are at 13.358, 13.177, and 12.620, aligning with demand zones and trend completion points.
Source available for registered users Sign Up Free
AI Analysis
The analysis of GMXUSDT on a 30-minute timeframe reveals that the price has reached a supply zone at the upper boundary of a local descending wedge. This setup suggests potential downward movement, es...
AI Recommendation
The recommendation is to initiate a short position at current levels, with a stop loss placed at 13.874 USDT to protect against unexpected bullish moves. Monitor the price action around the current re...
Disclaimer
The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.