š„ GLMRUSDT | Short-Term Market Update š
Moonbeam ($GLMR ) has been in a clear downtrend, followed by a small base / consolidation near recent lows. Price is currently stabilizing, which means a reaction move is possible from here š
š Bullish Scenario (Buy Setup)
ā
Entry (Aggressive Buy):
0.0248 ā 0.0251
(Bounce from demand + consolidation support)
š Stop Loss (SL):
ā 0.0240
(Below recent low / breakdown level)
šÆ Take Profit (TP):
š„ TP1: 0.0258
š„ TP2: 0.0268
š„ TP3: 0.0280
ā”ļø Relief bounce expected if buyers defend the 0.024 zone š
š Bearish Scenario (Sell Setup)
If price gives a strong close below 0.0240:
š Sell Targets:
š 0.0232 ā 0.0225 zone
ā”ļø Breakdown may trigger further downside continuation.
š§ Market Insight
⢠Short-term trend: Bearish ā Stabilizing
⢠Price at demand zone
⢠Volume + bullish candle close needed for confirmation
⢠Trade light size due to weak overall trend
