📉 $GLMR /USDT Trade Setup – Bearish Pressure or Short-Term Bounce? ⚠️
$GLMR is trading at $0.0697 (+1.46%), hovering just below its EMA(25) and well under EMA(99), signaling potential weakness despite a slight recovery.
📊 EMA Overview:
EMA(7): $0.0692 ✅
EMA(25): $0.0705 ❌
EMA(99): $0.0760 ❌
Price struggling to reclaim mid-term trend. Watch for rejection near $0.0705–$0.0731 zone.
📉 Support & Resistance Zones:
Support: $0.0676 ➡️ $0.0671
Resistance: $0.0705 ➡️ $0.0731 ➡️ $0.0761
🎯 Trade Strategy (SHORT Bias):
Entry: $0.0700 – $0.0710 (if rejected below EMA25)
TP1: $0.0680
TP2: $0.0671
SL: $0.0735 (above resistance)
🔁 OR Bullish Reversal Setup (only if breakout):
Entry: Above $0.0732
TP1: $0.0761
TP2: $0.0791
SL: $0.0700
📌 Caution: Low volume (~$504K) may limit explosive moves. Wait for confirmation before entry.