$GLM /USDT trade setup 🕯️📈📉
Current Market Overview📊🛑
Current Price: 0.4042 USDT
24H Change: +9.51%
Key Support and Resistance Levels🛑♥️
Support Levels:📌
0.3800 → Immediate support; a retest could confirm further upside.
0.3600 → Next strong support zone if a pullback occurs.
0.3400 → Deeper support level; potential bounce area if a correction happens.
Resistance Levels:📌
0.4200 → Immediate resistance; a breakout could confirm continued bullish movement.
0.4400 → Strong resistance; if broken, price may rally further.
0.4600 → Higher resistance; potential target if bullish momentum sustains.
Trade Setup🛑📈📈🛑
Entry Point📌
Long Entry (Buy): If price holds above 0.4000 and confirms support, or after a breakout above 0.4200 with strong volume.
Short Entry (Sell): If price fails to break 0.4200 and shows rejection candles, or if it drops below 0.3800 with high selling pressure.
Take Profit (TP) Targets🚦♥️🚦
For Long Positions (Buy):📌
TP1: 0.4200 (Immediate resistance)
TP2: 0.4400 (Next breakout target)
TP3: 0.4600 (Extended bullish move)
For Short Positions (Sell):📌
TP1: 0.3800 (Immediate support)
TP2: 0.3600 (Stronger support zone)
TP3: 0.3400 (Deeper retracement level)
Stop Loss (SL) Recommendations
For Long Trades: 0.3900 (Below recent support to minimize risk)
For Short Trades: 0.4150 (Above resistance to avoid fake breakouts)
Conclusion💸🥊💸💵🛑🛑
GLMUSDT is currently in a strong bullish trend, but key resistance at 0.4200 needs to be broken for further upside. A successful breakout could push the price toward 0.4400 and 0.4600, while a rejection might lead to a retest of 0.3800 or lower support levels. Traders should wait for confirmation before entering a trade and use proper risk management with well-defined stop-loss levels.
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