$GLM Market Trend: Bullish Momentum Pauses, Looking for Continuation
Trade Signal
Entry 1: $0.3350 (Current zone - for continuation if it holds)
Entry 2: $0.3250 (Buy on deeper pullback towards middle band)
TP1: $0.3450
TP2: $0.3550
TP3: $0.3650
TP4: $0.3750
Stop-Loss: $0.3180 (Below recent strong support)
Why This Trade?
GLM has shown strong buying power, pushing up significantly with good volume. It's now taking a healthy breather, consolidating at higher levels around the middle Bollinger Band. As long as it holds above $0.3250, the overall trend looks bullish, suggesting it could continue its upward move after this short pause.
Support & Resistance Levels
Support: $0.3300 • $0.3250 • $0.3180
Resistance: $0.3450 • $0.3550 • $0.3650
Market Update for GLM (GLM)
GLM has experienced a notable price surge, demonstrating strong bullish sentiment and increased trading volume. After its rapid ascent, it's currently in a consolidation phase, which is typical before potentially resuming its upward trajectory. The immediate outlook for GLM remains positive, with traders watching for a breakout to higher levels.
