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$GLM USDT on the Rise!
With an 8.98% jump in 24 hours, strong trading volume of $18.2M, and a tight supply cap, GLM is showing solid short-term momentum — but strategic risk management is key.
Analysis
Current Price: $0.2205
Market Cap: $220.5M
Circulating Supply: 1B (Maxed out — no dilution risk)
Momentum: Bullish breakout with increasing volume signals strong short-term buying pressure.
🎯 Price Targets
Target 1: $0.245 — short-term resistance zone (low-risk profit taking)
Target 2: $0.275 — next momentum level if volume sustains
Target 3: $0.310 — major resistance, potential breakout target if market sentiment stays positive
Risk Management Strategy
Entry Zone: $0.215–$0.225 (current pullback window)
Stop-Loss: $0.205 (below support to limit downside)
Take-Profit Strategy:
Sell 30% at Target 1
Sell 40% at Target 2
Hold 30% for Target 3 with a trailing stop
Tip: Watch Bitcoin’s trend — GLM tends to mirror overall market sentiment. Tighten stops if BTC weakens below key levels.
#GLM #BinanceHODLerSAPIEN #WriteToEarnUpgrade