Currency $GLMR

Analysis of the bullish breakout for the pair $GLMR /USDT

The $GLMR indicator shows strong bullish momentum as the price continues to rise above the middle range of the Bollinger Bands. The expansion of the upper range indicates increasing volatility and strong buying interest. Continuous stability above the middle range indicates the continuation of the trend towards higher resistance areas.

The MACD indicator remains close to a bullish reversal, indicating increasing momentum and the potential for further gains if the DIF indicator strongly surpasses the DEA indicator.

Buy Entry

• Entry: Upon a sustained breakout above the immediate resistance level

• Take Profit Point 1: The next secondary resistance area

• Take Profit Point 2: The area of major resistance expansion

• Stop Loss Limit: Below the middle range support or the most recent swing low

Risk Management

Use a tight stop loss limit, with a risk of 1% to 2% per trade, and avoid over-leveraging. Stick to your plan and take profits while building a trading structure.