GLMR Rally Dead: Exhaustion Signal Flashes Red
Entry: 0.03680 š©
Target: 0.03200 šÆ
Stop Loss: 0.03980 š
$GLMR just threw up a massive rejection wick, signaling total buyer exhaustion near the $0.04 resistance. This is not a dip; it is a full bearish reversal pattern confirming that the recent rally is overstretched and unsustainable. We are seeing heavy selling pressure overwhelm the structure. If $GLMR cannot immediately reclaim $0.04, expect a swift correction back toward lower support zones. This pattern often precedes deeper pullbacks, regardless of short-term $BTC volatility. The time for caution is now.
Not financial advice. Trade responsibly.
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GLMR
0.0339
-4.77%
BTCUSDT
Perp
90,578.4
+0.71%