š” $GLM / USDT ā 15m Technical Analysis
GLM is trading around 0.2027, showing healthy consolidation after a short-term rally.
EMA Structure
EMA(7): 0.2035
EMA(25): 0.2023
EMA(99): 0.2009
ā”ļø Price is above EMA 99 and EMA 25, while hovering just below EMA 7 ā this suggests bullish structure with minor pullback.
Key Levels
Immediate Support: 0.2010 ā 0.2005
Major Support: 0.1980 ā 0.1965
Resistance: 0.2050 ā 0.2070
Major Resistance: 0.2100
Price Action Insight GLM pushed to 0.2071 (24h high) and then pulled back in a controlled manner. The long lower wick near EMA 99 shows buyers stepping in on dips, keeping the trend intact.
Scenarios
Bullish continuation: Hold above 0.2005 ā retest 0.205 ā 0.207
Breakout move: Clean break above 0.207 ā extension toward 0.210+
Bearish risk: Lose 0.198 ā structure weakens
Trade Idea (Short-Term)
Buy zone: 0.2005 ā 0.2020
TP1: 0.2050
TP2: 0.2100
SL: 0.1975
š Bias: Bullish above 0.200
Trend remains positive as long as price holds above EMA 99. Patience for confirmation near support is key.
