$GLM /USDT – Bullish Reversal & Continuation Move Expected
Market Structure:
GLM/USDT has printed a strong bullish reversal from the recent lows, followed by a series of higher highs and higher lows on the intraday timeframe. The impulsive green candles clearly show strong buyer dominance, confirming a shift in momentum from bearish to bullish. Price is currently holding above the key demand zone, indicating continuation potential.
📊 Trade Setup (Long Bias)
Entry Range:
➡️ 0.2130 – 0.2170
Targets:
🎯 Target 1: 0.2210
🎯 Target 2: 0.2260
🎯 Target 3: 0.2320
Stop Loss (SL):
🛑 0.2085 (below recent structure & demand zone)
📈 Technical Outlook
Strong bullish engulfing move confirms buyers’ interest
Breakout from local consolidation zone
Momentum favors continuation toward higher resistance levels
Volume expansion supports the bullish move
🔻 Short Outlook (Invalidation Scenario)
If price fails to hold above 0.2085 and closes below this support, bullish structure will be invalidated. In that case, a short-term bearish retracement toward 0.2030 – 0.2000 could occur before any further upside attempt.
