$GLMR
GLMR
0.0166
-1.77%
#GLMR. The price is moving within a descending channel on the hourly timeframe. It has reached the lower boundary and is heading towards a breakout, with a retest of the upper boundary expected.
The Relative Strength Index (RSI) is showing a downward trend, approaching the lower boundary, and an upward bounce is anticipated.
There is a key support zone in green at 0.0250, and the price has bounced from this level several times. Another bounce is expected.
The RSI is showing a trend towards consolidation above the 100-period moving average, which we are approaching, supporting the upward move.
Entry Price: 0.0262
Target 1: 0.0269
Target 2: 0.0281
Target 3: 0.0294
Stop Loss: Below the green support zone