GMXUSDT 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:
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.
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.
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Related publications
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- Check this indicator and thank me later > Risological.com
- Get blown away by its accuracy
- Apply on any cart, any time frame.
- 7-Day 100% Money Back Guarantee
- Get blown away by its accuracy
- Apply on any cart, any time frame.
- 7-Day 100% Money Back Guarantee
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.