GLM is hovering just below the 0.1230 resistance, down 2.1% on the 4‑hour chart. The short bias carries a 64% confidence rating.
🔴
$GLM SHORT 📉
Entry $0.116194-$0.116426 | SL $0.119799 (-3.0%) | TP1 $0.114565 (+1.5%) | TP2 $0.110494 (+5.0%) | R/R 1:1.7 | Conf 64%
A change of character broke the bullish swing, and the order block at 0.1245 aligns with a fair value gap that the market is filling. CVD shows volume confirming downside pressure, while a liquidity sweep forced price into the POI where the OB and FVG overlap. The structure now shows lower highs and lower lows, setting up a 1:1.7 risk‑reward.
The 3.0% stop is relatively tight, so stay at or below 5x leverage.
Lock in half profit at TP1 around 0.1150.
As always: manage your risk, this is not financial advice 🙏
$GLM #GLMUSDT #BigBangThesis #TradingSignals #Write2Earn