$GLM 🔴 Resistance

0.1985 – 0.2000 → first rejection zone

0.2035 – 0.2050

0.2070 – 0.2100 → major supply / breakdown level

Any bounce into these zones is sell pressure, not reversal.

🎯 Trade Scenarios

🔻 Scenario 1: Breakdown (Higher Probability ~65–70%)

If 0.1935 breaks:

TP1: 0.1910

TP2: 0.1900

TP3: 0.1860

This aligns with structure + volume.

🔁 Scenario 2: Relief Bounce (Lower Probability ~30–35%)

If 0.1935 holds:

Bounce to 0.198 – 0.200

Possible wick to 0.203

Likely rejection again

➡️ Bounce = short opportunity, not long hold.

📌 Position Guidance

✅ If you are SHORT

TP1: 0.1935 (or already hit)

TP2: 0.1910

TP3: 0.1860

SL: Above 0.203–0.205

Trail stop after TP1

⚠️ If you are LONG

High risk right now.

Only consider long if:

Strong reclaim of 0.200

Followed by 1H close above 0.205

Volume expansion + SAR flip

Until then → longs are counter-trend.