$GLM Trade stratagy

Observations:

Current Price: $0.3727 (at the time of the screenshot), up +23.57%.
Resistance Levels:

Around $0.4444 (previous high), which acted as a rejection level.


Support Levels:

Around $0.3000 and possibly $0.2500, as seen from past price action.


RSI Indicator:

RSI is around 34.13, suggesting that the asset is nearing oversold territory after a pullback.


Volume:

141.47M volume indicates strong trading activity.




Trading Strategies:
1. Breakout Strategy:

If the price breaks above $0.4444 with strong volume, it could indicate a continuation of the uptrend.
Target: $0.50 - $0.55 if momentum continues.

2. Pullback Entry Strategy:

If price retraces to $0.3000 - $0.3200, it may be a good buy zone before another upward move.
Stop-loss: Below $0.2800 to minimize risk.
Take-profit: $0.4000 - $0.4444 (previous resistance).

3. Range Trading Strategy:

If price remains between $0.30 and $0.44, consider buying at support and selling at resistance.


Risk Management Tips:

Set Stop-Loss: Always protect your capital in case of unexpected price reversals.
Monitor RSI & Volume: If RSI gets over 70, it might be overbought, signaling a potential reversal.
Check Market Sentiment: News or major events (like the Golem launch update) can impact price movements.