Base forming near support… early signs of accumulation if level holds.
$GLMR /USDT – LONG
Trade Plan
Entry: $0.0142 – $0.0152
SL: $0.0132
TP1: $0.0185
TP2: $0.0215
TP3: $0.0249 (if breakout confirms)
Why This Setup?
4H Structure: Price holding above key support at $0.0136 after a prolonged downtrend — potential base formation with early higher low attempt.
MA Behavior: Price attempting to reclaim short-term MAs. If MA(7) crosses above MA(25), it signals a shift in short-term momentum.
Price Positioning: Current price sitting close to support gives strong risk-reward for longs. Downside limited if $0.0136 holds.
Daily Context: Still weak overall, but oversold conditions increase probability of relief bounce or short-term reversal. RSI likely recovering from lower zones.
Volume Behavior: Stabilizing volume near lows — typical sign of accumulation before expansion move.
As long as $0.0136 holds, upside toward $0.018–$0.024 range becomes likely.
Debate:
Is $GLMR finally forming a bottom after extended decline…
Or will support break and continue the downtrend?
Trade $GLMR here 👇
