According to the wave count of the GMX chart, we can consider a triangle or diametric scenario for this coin.

We now seem to be in wave e of D.

Whichever of these scenarios is going on, the red flip range is the range where we are looking for sell/short positions.

We marked the targets on the picture. We also specified the invalidation level, closing a daily candle above this level will violate the analysis.

For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You

🔷Our Telegram channel has daily spot and futures signals 👉

🔆Make money like market makers with our telegram channel signals
Free membership:

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.