🔧 $GLM /USDT – “Golem Corrects — Watching Critical Support for Bounce” ⚙️📉
$GLM is trading at $0.2817, down -5.31% in the past 24 hours. This pullback tests important support and could be a setup for the next move up if buyers hold firm.
🔍 Technical Breakdown
Price retraced from resistance near $0.30, now approaching support at $0.275 – $0.278.
Volume on the selloff increased but remains moderate — no panic sell yet.
RSI on 4H near 45, showing mild bearish pressure but not oversold.
Look for bullish reversal candlesticks and rising volume for entry confirmation.
🎯 Trade Strategy – Patient and Precise
💰 Buy Zone: $0.278 – $0.283
(ideal range to consider entry after signs of support)
🔒 Stop-Loss: Below $0.270
(breach of support signals deeper correction)
🎯 Target 1: $0.295
(first resistance to secure profits)
🎯 Target 2: $0.310
(next resistance level if momentum returns)
🧠 Trading Insight
$GLM’s correction is healthy and expected after recent gains. Patient traders who enter near support and confirm momentum will find better risk-reward.
Conclusion:
Golem is cooling off but not breaking down. Watch support carefully and trade with discipline using Crypto Journey1’s signals.