Indicates a long-term trend and the big traders on#binanceare 13.7:1 in favor of the long. Today's opening price was recorded at 0.158 and closing price was recorded at 0.1608. Please note that this information is based on historical data and current conditions may differ.
- Current support and resistance levels are as follows:
The last support price of the index is 0.1563 USD. The last resistance price of the index is 0.1613 USD.
- The current sentiment indicator is 28, which according to the sentiment scale is considered “extreme fear”. You should take this information into account when making trading decisions.
Here are 2 trading strategies suitable for GLMR:
1. Long trend support level bounce strategy
- Entry price: $0.1564 above the last support price of the BOLL index
- Profit target: $0.1608 (current closing price)
- Stop loss: $0.1548 below the entry price)
This strategy is based on the recent BOLL support price bounce and the current long trend. Stop loss is placed below the entry price to maintain appropriate risk.
2. Resistance Breakout Strategy: - Long trend
- Entry price: $0.1614 (above the last resistance price of the BOLL indicator)
- Profit target: $0.165
-Stop Loss: $0.1598 below the entry price)
- This strategy is based on the recent resistance price breakout of the BOLL indicator and the current long trend. Stop loss is placed below the entry price to maintain appropriate risk.
• Please note that you should conduct additional analysis and use more indicators and tools before making final trading decisions. Remember that the crypto market is volatile and carries high risks.