📉 $GLM /USDT Faces a Sharp Pullback – Caution Advised! 📉
After hitting a local high of $0.2453, $GLM has sharply reversed, currently trading at $0.2285 (-3.10%). The price failed to hold above the EMA(7) and EMA(25), signaling short-term weakness.
🟡 Key Indicators:
EMA(7): 0.2295 (Resistance)
EMA(25): 0.2307 (Stronger Resistance)
EMA(99): 0.2272 (Support Holding for Now)
24h Low: 0.2242
📊 Trade Setup – SHORT Opportunity
Entry: $0.2285
Target 1: $0.2240
Target 2: $0.2190
Stop Loss: $0.2320
🚨 Bearish crossover and rejection near resistance indicate further downside potential. If 0.2272 fails, momentum could accelerate.
Trade with risk management. Stay alert! 📉