GLMRUSDT – Bullish Cypher Pattern Forming | Reversal Setup 🔄🚀
Hey pattern traders 👋
GLMR (Moonbeam) is forming what looks like a textbook bullish Cypher pattern — and if this completes properly, we could be looking at a solid reversal play off key Fibonacci levels. This is the kind of setup where precision and patience pay off.
🔺 Cypher Pattern Breakdown
Let’s decode it real quick:
XA: The initial impulse leg
AB: Retraces 38.2–61.8% of XA
BC: Extends to 113–141.4% of AB
CD: Completes near 78.6% retracement of the entire XA move
If we’re completing the D-leg now, that’s where the buy zone comes in — right near the golden pocket of the move.
This isn’t just a harmonic — this is a measured, rule-based entry with a solid R:R structure baked in.
📈 Why This Matters
Cypher patterns are rare but powerful, offering reversal potential at points of max pain
Structure aligns with oversold RSI, and MACD is showing a flattening histogram — momentum might be shifting
If D completes near support, you’re looking at low-risk entries with explosive upside
🎯 Trading Plan (Example)
Entry: Near the Cypher completion zone (around 78.6% of XA)
Target 1: 38.2% retracement of CD leg
Target 2: 61.8% retracement of CD leg
Stop Loss: Below X-leg (invalidate the pattern)
This is not a hype trade — this is where pros take shots while everyone else panics at the bottom.
📌 GLMR Forming a Bullish Cypher – Reversal Could Be Near
Are you watching this pattern too? Let’s talk strategy — aggressive entry or waiting for confirmation?
#GLMRUSDT #CypherPattern #BullishSetup #CryptoTrading #HarmonicPatterns #PriceAction #AltcoinSetup #ReversalTrade #TechnicalAnalysis
Hey pattern traders 👋
GLMR (Moonbeam) is forming what looks like a textbook bullish Cypher pattern — and if this completes properly, we could be looking at a solid reversal play off key Fibonacci levels. This is the kind of setup where precision and patience pay off.
🔺 Cypher Pattern Breakdown
Let’s decode it real quick:
XA: The initial impulse leg
AB: Retraces 38.2–61.8% of XA
BC: Extends to 113–141.4% of AB
CD: Completes near 78.6% retracement of the entire XA move
If we’re completing the D-leg now, that’s where the buy zone comes in — right near the golden pocket of the move.
This isn’t just a harmonic — this is a measured, rule-based entry with a solid R:R structure baked in.
📈 Why This Matters
Cypher patterns are rare but powerful, offering reversal potential at points of max pain
Structure aligns with oversold RSI, and MACD is showing a flattening histogram — momentum might be shifting
If D completes near support, you’re looking at low-risk entries with explosive upside
🎯 Trading Plan (Example)
Entry: Near the Cypher completion zone (around 78.6% of XA)
Target 1: 38.2% retracement of CD leg
Target 2: 61.8% retracement of CD leg
Stop Loss: Below X-leg (invalidate the pattern)
This is not a hype trade — this is where pros take shots while everyone else panics at the bottom.
📌 GLMR Forming a Bullish Cypher – Reversal Could Be Near
Are you watching this pattern too? Let’s talk strategy — aggressive entry or waiting for confirmation?
#GLMRUSDT #CypherPattern #BullishSetup #CryptoTrading #HarmonicPatterns #PriceAction #AltcoinSetup #ReversalTrade #TechnicalAnalysis
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.