$GMX/USDT 12h (#BinanceFutures) Rising wedge breakdown & retest

GMX (f.k.a. Gambit) lost 100EMA support and got rejected after pulling back to it, bearish continuation would make sense.

⚡️⚡️ #GMX/USDT ⚡️⚡️
Exchanges: Binance Futures
Signal Type: Regular (Short)
Leverage: Isolated (4.0X)
Amount: 7.5%

Current Price:
73.23

Entry Targets:
1) 76.42

Take-Profit Targets:
1) 65.04

Stop Targets:
1) 84.03

Published By: @TradingOn

GMX #GMXUSDT #Gambit #DEx gmx.io/

Risk/Reward= 1:1.5
Expected Profit= +59.6%
Possible Loss= -39.8%

Order cancelled:

GMX continued with the downtrend, unfortunately without filling our entry.