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GLMR / Tether PERPETUAL FUTURES

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GLMRUSDT.P trade ideas

GLMR trade setupWeekly: long term analysis After more than 95% deep correction during the bear market, BINANCE:GLMRUSDT is building a reversal Head&Shoulder on a weekly time frame. Volumes are increasing since the All Time Low corresponding to the Head of the pattern and is following perfectly the H&S psychological structure. Short term analysis The inverted H&S pattern is attempting a breakout upward. If this breakout is confirmed, prices can start a strong upward move based on previous price action of GLMR. The latest higher low contracted the price’s volatility and offer us a good risk/reward setup. Strategy Buy signal will be given from a daily weekly close above the resistance line (neckline of the inverted H&S) around the 0.56$ mark. Objective 1: Next resistance line (with Risk/Reward =3) at 0.8$ ( +45%) Objective 2: Next resistance around corresponding to the H&S swing move target at the 2$ zone (+260%) Objective 3: Next resistance line at 5.7$ ( +900%) Invalidation Mental Stop: just below the recent daily swing low. This setup proposes a nice Risk Reward If prices retrace to this stop level we will wait for the daily closing price then set a Stop loss ¼ or Risk below the weekly close price. Risk = Distance between Mental stop and entry point.
Long
by pollux3000
2
Glmrusdt Trading opportunityGLMRusdt presents an intriguing opportunity, showcasing signs of reaching a potential bottom and preparing for a bullish reversal. Two prominent bullish setups, the descending broadening wedge and the strong Inverse Head and Shoulder (IsHs) pattern, have been identified. The final setup target aligns with the immediate target level of the wedge pattern, while the immediate setup target corresponds to the IsHs setup. These formations suggest potential upward movements for GLMRusdt. Highlighted on the chart are crucial demand zones, pivotal for accumulation purposes. These zones serve as strategic areas for potential entry and accumulation of positions. To accommodate market fluctuations, it's advisable to employ a wider stop-loss strategy, allowing for flexibility in volatile conditions. Boosting this analysis and contributing your comments is appreciated to foster insightful discussions.
Long
by weslad
6
GLMR Chart Analysis in Daily TimeframeHello everyone, I’m Cryptorphic. For the past seven years, I’ve been sharing insightful charts and analysis. Follow me for: ~ Unbiased analyses on trending altcoins. ~ Identifying altcoins with 10x-50x potential. ~ Futures trade setups. ~ Daily updates on Bitcoin and Ethereum. ~ High time frame (HTF) market bottom and top calls. ~ Short-term market movements. ~ Charts supported by critical fundamentals. Now, let’s dive into this chart analysis: For the last 4 months, SEED_DONKEYDAN_MARKET_CAP:GLMR has been in a bearish trend, dropping from $0.7469 to $0.1701 (-77%). The price has reached close to the all-time low level at $0.1603. GLMR is likely to hold this support and rebound, breaking the resistance trendline and confirming a bullish reversal. It is interesting to see how the RSI is creating a bullish divergence pattern. If it stays strong, the price will most likely rally from the current market price of $0.1978. Key Observations: - Important support: $0.1603 to $0.1804. - Primary Resistance: $0.228. - Mid-Resistance: $0.3445. - Higher Resistance: $0.7469. - RSI: Bullish Divergence. - Invalidation Point: A breakdown and close below the support level. DYOR, NFA. Please hit the like button to support my content and share your thoughts in the comment section. Feel free to request any chart analysis you’d like to see! Thank you! #PEACE
by Cryptorphic
1
#GLMR/USDT#GLMR The price is moving within a bearish channel pattern on the 12-hour frame, which is a strong retracement pattern We have a bounce from a major support area in the color EUR at 0.1800 We have a tendency to stabilize above the Moving Average 100 We have a downtrend on the RSI indicator that supports the rise and gives greater momentum and the price is based on it Entry price is 0.2000 The first target is 0.2531 The second target is 0.3056 The third goal is 0.3591
Long
by CryptoAnalystSignal
GLMR has finished 1st ABC corrective wave since inceptionMoonbeam is an Ethereum-compatible smart contract parachain on Polkadot. Moonbeam makes it easy to use popular Ethereum developer tools to build or redeploy Solidity projects in a Substrate-based environment. Moonbeam is much more than just an EVM implementation: it’s a highly specialized parachain that mirrors Ethereum’s Web3 RPC, accounts, keys, subscriptions, logs, and more. The Moonbeam platform extends the base Ethereum feature set with additional features such as on-chain governance, staking, and cross-chain integrations. ENTRY: $0.328 EXIT 1: $0.73 EXIT 2: $0.99 EXIT 3: $1.29 EXIT 4: $1.60 Potential Multiple: 5x
Long
by richgraph
1
#GLMR Why You Should Consider Entering This Trade Now : Breaking the Downtrend: The chart of #GLMR/USDT clearly shows a significant downtrend that has been recently broken, as indicated by the yellow trendline. This breakout is a strong technical signal that the asset may be reversing its previous bearish trend and moving towards a bullish phase. Strong Support Zone: There is a well-defined support zone around the $0.30 level, highlighted by the red rectangle. This zone has been tested multiple times, demonstrating strong buying interest at this price level. Entering near this support provides a favorable risk-reward ratio. Positive Price Action: The recent price action has been encouraging, with the asset making higher lows and higher highs. This pattern suggests a shift in market sentiment from bearish to bullish, making this an opportune moment to enter the trade. Volume Confirmation: An increase in trading volume accompanying the price rise further validates the strength of this move. Higher volume on up days indicates that the breakout is supported by strong buying interest, reducing the risk of a false breakout. Favorable RSI: The Relative Strength Index (RSI) is trending upwards and has moved above the midpoint, indicating increasing bullish momentum. This suggests that there is still room for the price to rise before reaching overbought conditions. Target and Stop-Loss: With a target price set around $0.5621 and a stop-loss placed below the support zone at $0.2072, this trade setup provides a clear plan with defined risk parameters. The potential upside significantly outweighs the downside risk, making it an attractive trade opportunity. In summary, the combination of a broken downtrend, strong support zone, positive price action, volume confirmation, and favorable RSI makes this trade a compelling opportunity. Entering at the current levels offers a strategic entry point with a well-balanced risk-reward ratio. ___ P.S. Hello, everyone! We decided to start a marathon and increase our capital from $2 000 to $2 000 000 We will be trading on sports in a manual format with stop loss and take profit. Important ❗️👇 1. We do not sell training, signals, private channels or any other products. We are just recording our journey for the purpose of a public experiment. 2. Any investment in the crypto sphere can be completely lost. When we trade, we realize that we can lose everything, and if you trade, you also need to understand this. 3. We enter trades based on various data that may turn out to be wrong and lead to losses. None of the trades we enter is a guarantee of success. 👋 If you are interested in watching our experiment, we are glad to see you in our channel! 👀💲You can also watch all our trades and copy them. We have created an account for copy trading. 👉Our account with open trading, and all resources at the link:https://linktr. ee/In_Trade_MLN
Long
by S_CAPITAL
1
GLMER BUY Based on the provided chart for GLMR/USDT on a 1-day timeframe from Binance, here is a detailed trading plan: ### Entry Point - **Entry Zone**: Between 0.2275 and 0.2823 USDT - This range represents a key support area where the price has previously found buying interest. Entering within this zone can help capitalize on potential upward movement while minimizing downside risk. ### Target (Take Profit) Levels - **First Target (TP1)**: 0.4262 USDT - This level is identified as a significant resistance where the price might face selling pressure. - **Second Target (TP2)**: 0.4835 USDT - This level aligns with a higher resistance zone and provides a reasonable medium-term target. - **Third Target (TP3)**: 0.5446 USDT - This level is a long-term target and a major resistance level, indicating substantial upside potential. ### Stop Loss - **Stop Loss**: 0.2010 USDT - This stop loss level is set below the support zone to protect against a deeper downside move. It helps manage risk by limiting potential losses. ### Key Levels and Observations - **Resistance Levels**: - 0.4262 USDT (TP1) - 0.4835 USDT (TP2) - 0.5446 USDT (TP3) - **Support Levels**: - 0.2823 USDT (upper entry zone) - 0.2275 USDT (lower entry zone) ### Technical Indicators - **Volume Profile**: Shows significant trading activity around the entry zone, suggesting strong interest and potential support. - **Harmonic Pattern**: Indicates the potential price move based on the harmonic pattern, suggesting possible retracement levels and target zones. - **RSI**: Currently around 36.99, which is in the lower range, indicating potential oversold conditions and a possible reversal. - **MACD**: Shows a potential bullish crossover, suggesting increasing bullish momentum. ### Trade Plan Summary 1. **Enter** the trade within the 0.2275 to 0.2823 USDT range. 2. **Set Stop Loss** at 0.2010 USDT to manage risk. 3. **Target Levels**: - **First Target (TP1)** at 0.4262 USDT. - **Second Target (TP2)** at 0.4835 USDT. - **Third Target (TP3)** at 0.5446 USDT. Always remember to manage your risk appropriately and adjust your trade parameters based on market conditions. Use proper position sizing and consider overall market trends when making trading decisions.
by Kizaru187
1
#GLMR/USDT#GLMR The price is moving in a bearish channel pattern on the 4-hour frame and sticking to it well The price rebounded well from the lower border of the channel at the green support level of 0.2500 We have a tendency to stabilize above the Moving Average 100 We have oversold resistance on the RSI indicator to support the rise, with a downtrend about to break higher Entry price is 0.2700 The first target is 0.3300 The second target is 0.3000 The third goal is 0.3645
Long
by CryptoAnalystSignal
1