GLMRUSDT โ Bullish Cypher Pattern Forming | Reversal Setup ๐๐
Hey pattern traders ๐
GLMR (Moonbeam) is forming what looks like a textbook bullish Cypher pattern โ and if this completes properly, we could be looking at a solid reversal play off key Fibonacci levels. This is the kind of setup where precision and patience pay off.
๐บ Cypher Pattern Breakdown
Letโs decode it real quick:
XA: The initial impulse leg
AB: Retraces 38.2โ61.8% of XA
BC: Extends to 113โ141.4% of AB
CD: Completes near 78.6% retracement of the entire XA move
If weโre completing the D-leg now, thatโs where the buy zone comes in โ right near the golden pocket of the move.
This isnโt just a harmonic โ this is a measured, rule-based entry with a solid R:R structure baked in.
๐ Why This Matters
Cypher patterns are rare but powerful, offering reversal potential at points of max pain
Structure aligns with oversold RSI, and MACD is showing a flattening histogram โ momentum might be shifting
If D completes near support, youโre looking at low-risk entries with explosive upside
๐ฏ Trading Plan (Example)
Entry: Near the Cypher completion zone (around 78.6% of XA)
Target 1: 38.2% retracement of CD leg
Target 2: 61.8% retracement of CD leg
Stop Loss: Below X-leg (invalidate the pattern)
This is not a hype trade โ this is where pros take shots while everyone else panics at the bottom.
๐ GLMR Forming a Bullish Cypher โ Reversal Could Be Near
Are you watching this pattern too? Letโs talk strategy โ aggressive entry or waiting for confirmation?
#GLMRUSDT #CypherPattern #BullishSetup #CryptoTrading
