$GLM EXHIBITS PERSISTENT BEARISH MOMENTUM FOLLOWING RECENT BREAK OF STRUCTURE ๐
Entry: 0.0940 - 0.0955 ๐ฅ
Target: 0.0850, 0.0730, 0.0603 ๐
Stop Loss: 0.1030 โ ๏ธ
The asset is currently facing significant overhead resistance after failing to reclaim the 0.095 support level. Volume analysis confirms that sellers remain in control, with the recent breakdown signaling further downside potential as long as the price stays below the invalidation point at 0.1030.
Market structure currently favors a continuation of the downtrend given the lack of buying interest at current levels. Do you see this retesting the 0.0730 liquidity zone before finding a base?
Not financial advice. Always manage your risk.
#GLM #ShortSetup #MarketStructure #Crypto
๐ฏ
Entry: 0.0940 - 0.0955 ๐ฅ
Target: 0.0850, 0.0730, 0.0603 ๐
Stop Loss: 0.1030 โ ๏ธ
The asset is currently facing significant overhead resistance after failing to reclaim the 0.095 support level. Volume analysis confirms that sellers remain in control, with the recent breakdown signaling further downside potential as long as the price stays below the invalidation point at 0.1030.
Market structure currently favors a continuation of the downtrend given the lack of buying interest at current levels. Do you see this retesting the 0.0730 liquidity zone before finding a base?
Not financial advice. Always manage your risk.
#GLM #ShortSetup #MarketStructure #Crypto
๐ฏ