🔥 $GLMR +50% PUMP… TRAP OR NEXT LEG? 🔥
GLMR
0.014
-6.04%
GLMR exploded from ~0.011 → 0.0249 and now holding around 0.018. Big impulse, but look closely: strong rejection from the top (long wick), smaller candles after = momentum slowing. RSI is near 98 (extreme overbought) and volume peaked during the pump → classic cooldown phase.
This is not early trend anymore, this is where late buyers get trapped. After moves like this, price usually cools down before deciding next direction. Expect volatility and fake moves around this zone.
📉 High probability setup:
Entry: 0.0180 (short on weakness)
TP: 0.0162
SL: 0.0194
If price breaks and holds above 0.0195 with strong volume → trend continues, no short. Otherwise expect pullback first before any real continuation. Don’t chase green, trade structure.