That's a sharp read on $GLMR
! The market is definitely flagging a reversal.
Here's that trade setup, distilled into a punchy, conviction-driven narrative that feels genuinely unique—no bland copy here.
📉 $GLMR: The Bounce That Betrayed Us. Time to Press the Short.
The story for $GLMR is written on the charts: a classic "breakout failure" followed by exhaustion. That weak bounce? It was just the final gasp.
The sellers are no longer dipping their toes; they're fully submerged and taking control.
* The Vibe Check: We're seeing a textbook pattern of Lower Highs paired with repeated, heavy rejection at a critical ceiling. This isn't just weakness; it's a structural failure.
🏹 The Setup: Shorting the Fatigue
| Metric | Target / Zone | My Conviction |
|---|---|---|
| Entry Zone (Short) | $0.03620 – $0.03700 | Catching the rejection wick. |
| Bearish Below | $0.03600 | The true pivot point. |
| TP 1 | $0.03480 | Quick scalp target. |
| TP 2 | $0.03350 | Targeting the next support shelf. |
| TP 3 | $0.03080 | The aggressive full-send target. |
| Stop-Loss | $0.03820 | Non-negotiable. Protect the capital. |
The Thesis: Wait for the re-test of the lower bound of the entry zone or confirmation that price is rolling over below $0.03600. The rejection candles speak volumes; we're simply trading what the market is telling us.
Stay nimble, stay disciplined.