š$GLMR
GLMR
0.0339
-3.96%
BEARISH TECHNICAL ANALYSIS ā SELLERS REASSERT CONTROL AFTER STRONG RALLY
$GLMR has surged sharply but is now showing signs of bearish pressure as price fails to hold near the 0.0400 resistance zone. Long upper wicks and repeated rejections indicate buyer exhaustion, while lower highs on the intraday chart confirm weakening bullish momentum.
The market is likely entering a corrective phase, with sellers aiming to test deeper support levels. A breakdown below the current support strengthens the bearish scenario.
Targets (TP):
ā¢ TP1: 0.0330
ā¢ TP2: 0.0300
ā¢ TP3: 0.0250
Stop Loss (SL):
ā¢ Above 0.0400 resistance or recent swing high
Risk Management:
Maintain tight SL, use proper position sizing, and avoid overexposure to protect capital.