Price Surge: $GLM has experienced a strong 30.49% increase, reaching a high of $0.36759 before pulling back.

Support & Resistance:

Support: The previous consolidation zone was around $0.262 - $0.30, meaning a drop could test these levels.

Resistance: The recent high at $0.36759 is acting as a short-term resistance. If broken, the next target could be $0.38 - $0.40.

Short-Term Pullback: The price is currently at $0.344 after a rejection from the high, indicating a potential retracement before another move up.

Trade Setup

๐Ÿ”น Long (Buy) Position:

Entry: Around $0.32 - $0.34 (if support holds).

Target: First target at $0.36 - $0.38, extended to $0.40 if bullish momentum continues.

Stop Loss: Below $0.30 to minimize downside risk.

๐Ÿ”ป Short (Sell) Position:

Entry: If price fails to break above $0.36 - $0.37, shorting near resistance could be a strategy.

Target: Down to $0.32 - $0.30, if momentum weakens.

Stop Loss: Above $0.37, as a breakout would invalidate the short setup.

Conclusion

If bullish momentum continues and the price holds above $0.34, a long position could be favorable.

If momentum weakens near resistance ($0.36-$0.37), a short trade could be viable with a target near $0.30-$0.32.

Would you like a more detailed technical analysis, including indicators like RSI or moving averages?