GLMRUSDT trade ideas
Glmr / UsdtBINANCE:GLMRUSDT
📊 **GLMR Price Analysis:**
- **Current Price**: **$0.2232**
At the moment, the price of GLMR is sitting at **$0.2232**, which is also a key **resistance level** 🚧. This means that if GLMR struggles to break above this point, we could see a potential reversal or consolidation around this level.
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**What Happens if the Price Breaks $0.2232?**
If GLMR manages to **break above** the $0.2232 resistance level, we could see a potential move towards higher price levels. The next major resistance levels are:
1. **$0.2700**: This is the first level where price might face another strong resistance. If GLMR pushes through this, there could be more bullish momentum. 📈
2. **$0.3400**: If the price continues to rise, the next significant resistance zone is at $0.3400. This is a critical point to watch for potential reversals or pauses in the uptrend. 🚀
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**What Happens if Price Fails to Hold Above $0.2232?**
If GLMR struggles to maintain its position above the $0.2232 level and starts to fall, the key support zone to watch will be around **$0.2000**. If price reaches this point, we could see some buying interest come in and a potential bounce, but if support breaks, further downside may be possible. 🔻
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💡 **Reminder**: This is **not** financial advice. Always conduct your own research and manage your risk appropriately before making any trading decisions. 🧐📚
GLMR trade setupWeekly: long term analysis
After more than 95% deep correction during the bear market, BINANCE:GLMRUSDT is building a reversal Head&Shoulder on a weekly time frame. Volumes are increasing since the All Time Low corresponding to the Head of the pattern and is following perfectly the H&S psychological structure.
Short term analysis
The inverted H&S pattern is attempting a breakout upward. If this breakout is confirmed, prices can start a strong upward move based on previous price action of GLMR. The latest higher low contracted the price’s volatility and offer us a good risk/reward setup.
Strategy
Buy signal will be given from a daily weekly close above the resistance line (neckline of the inverted H&S) around the 0.56$ 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.
GLMR Chart Analysis in Daily TimeframeHello everyone, I’m Cryptorphic.
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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.
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#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
glimmer bottomgoing out to a big timeframe (monthly) we can see the risk reward for glmr is extremly good, we are looking at a double bottom and target would be around $1.40 which also lines up with first fib. on most timeframes from daily all the way to 2 month we can see rsi is bottomed out. risk/reward really good with this who can hold for awhile for alt season.
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
#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.
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MOONBEAM: $0.27 | for MOONBOYS only just charts and few players heavily invested
in the rise of CONNECTIVITY and INTEROPERABILITY
in laymans
you can create your own app in t he MOONBEAM network
and get it running with ETHEREUM
it's a bridge
it's a link
it's hmm a BIG DEAL for few bottom fishers or BIG FISH
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.
#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
GLMR undervalued Layer 2 Moonbeam is highly undervalued here in the demand zone, Moonbeam (GLMR) makes it easy to use popular Ethereum developer tools to build or redeploy Solidity projects in a Substrate-based (Polkadot) environment.
Sell zone 1: 1.6 to 2.1
Sell zone 2: After distrubiton from zone 1 there will be accumulation phase again for 2nd run to higher targets.
Moonbeam (GLMR) completed a setup for the next pumpHi dear friends, hope you are well and welcome to the new trade setup of Moonbeam (GLMR) with US Dollar pair.
Recently we caught more than 47% pump of GLMR as below:
Now on 1-hr time frame, GLMR with has formed a bullish Cypher move for the next price reversal.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
#GLMR/USDT#GLMR
The price is moving in a downward channel on a 4-hour frame, about to break upward
The area in green is a very strong support area, and the price rebounded from it at 0.4400
We have a downtrend on the RSI indicator about to occur. The fraction is up
We have a higher stability moving average of 100
Entry price. 0.4400
The first target is 0.4918
The second target is 0.5300.
The third goal is 0.5882