$GLMR /USDT-Bearish Long Trade Signal.

GLMR has been in a prolonged downtrend, with the price declining from $0.0877 in March 2025 to a recent low of $0.0717 on August 12, 2025 . The current price is around $0.0774, indicating a slight recovery. Resistance is observed at $0.0812, while support is at $0.0737.

📊 Fibonacci Levels: Retracement Status

The price is currently testing the 23.6% Fibonacci retracement level around $0.0774. A break above this level could target the 38.2% level at $0.0792, with further resistance at $0.0812. A failure to sustain above $0.0774 may lead to a retest of the support at $0.0737.

📉 RSI: 71.4 – Overbought

The Relative Strength Index (RSI) is at 71.4, suggesting that $GLMR is in overbought territory. This could indicate a potential pullback or consolidation before any further upward movement.

🎯 Entry Zones

Safer: Consider entering near $0.0737 if the price shows signs of stabilization and a bounce.

Aggressive: A breakout above $0.0792 with strong volume could present an aggressive entry point.

💰 Take-Profit Zones

TP1: $0.0812 – Previous resistance level.

TP2: $0.0840 – Psychological resistance and potential Fibonacci extension target.

🚫 Stop-Loss Ideas

Conservative: Place a stop-loss just below $0.0737 to protect against a breakdown below support.

Tight: A stop-loss around $0.0740 could be used for a tighter risk management approach.