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Setting up a buy trade on the USDT pair $GLM
Strong bullish momentum expected 💯 🔥
Current price: 0.2623
Market structure: The price is moving in a clear upward direction with higher highs and higher lows, and has recently broken the short-term resistance level at 0.2600.
Entry Level:
Enter a buy trade between 0.2610 and 0.2620 after a slight pullback in price to confirm the support level.
Stop Loss:
Place the stop loss order below 0.2570 to manage risk.
Target Points:
• First profit target: 0.2660
• Second profit target: 0.2700
• Third profit target: 0.2750
Trade Analysis:
The GLM token showed strong buying pressure, breaking the resistance level with solid bullish candles. Any slight pullback towards the breakout area may provide a high-probability entry opportunity to continue trading. Monitor bullish confirmation candles and support volume before entering.