๐จ $GLM USDT โ High Probability Trade Setup! ๐ฅ
glm is approaching a critical supply zone, where sellers could step in to push the price lower. This setup presents a potential short opportunity with a strong risk-reward ratio. If the price respects this supply area, we might see a sharp rejection, offering traders a chance to capitalize on the downside move.
๐ Trade Idea โ Short Setup:
๐น Supply Zone: $0.35285 - $0.38569
๐น Entry Zone (Short): $0.3500 - $0.3850
๐น Take Profit 1 (TP1): $0.31053 ๐ฏ
๐น Take Profit 2 (TP2): $0.26203 ๐ฏ
๐น Stop Loss (SL): $0.38677 ๐
๐น Risk-Reward Ratio: 1:3+ โ Great potential for profits!
Why This Trade Setup?
๐ Key Supply Zone: Price has previously reacted from this area, indicating strong selling interest.
๐ Bearish Structure: The market has shown weakness, with lower highs forming.
๐ Liquidity Grab: A push into the supply zone could trap late buyers before a reversal.
๐ Smart Money Activity: Watching for signs of institutional selling pressure.
How to Trade This Setup?
โ Wait for Rejection: Donโt enter blindlyโlook for clear bearish confirmation.
โ Enter with Precision: Ideal entry is on a strong rejection candle in the supply zone.
โ Secure Profits at Key Levels: Take partial profits at $0.31053, let the rest run toward $0.26203.
โ Adjust SL to Breakeven: Once TP1 is hit, reduce risk by moving SL.
โ ๏ธ Important Trading Reminder:
๐น Risk Management First โ No trade is guaranteed, so manage risk wisely.
๐น Avoid Emotional Trading โ Stick to the plan and donโt chase moves.
๐น Trade at Your Own Discretion โ This is a market insight, not financial advice.
๐ Will GLM respect this setup and drop? Letโs discuss below! ๐ฌ
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