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GLMRUSDT trade ideas

MoonBeam: Abandoned Scam Project? Down 99%, soon $0?MoonBeam: Abandoned Scam Project? Down 99%, soon $0? MoonBeam aka SEED_DONKEYDAN_MARKET_CAP:GLMR #GLMRUSD is down over 99% since its all-time-high and while almost all of crypto has been rallying hard, MoonBeam continues to get brutally rejected. Today, it rejected again and crashed HARD, while other cryptocurrencies went up. It appears that MoonBeam project is a dead project. The team has been unable to fulfill their promises and the wider crypto community doesn't care about MoonBeam or what the project stands to do. Projects that die down in this fashion are often scams. It's possible the coin can't rise/breakout because the founders are printing coins out of thing air and dumping on the market. Currently, MoonBeam is down over 99%. Depending on what exchange you look, it's all time high was around $24. It is currently barely $0.45. This has all the hallmark signs of a shitcoin scamcoin that is heading to $0, like Luna. RIP MoonBeam / Polkadot Ecosystem.
Short
by couldntcomeupwithone
4
GLMR trade setupWeekly: long term analysis After more than 95% deep correction during the bear market, BINANCE:GLMRUSDT is building a reversal Head&Shoulder on a weekly time frame. Volumes are increasing since the All Time Low corresponding to the Head of the pattern and is following perfectly the H&S psychological structure. Short term analysis The inverted H&S pattern is attempting a breakout upward. If this breakout is confirmed, prices can start a strong upward move based on previous price action of GLMR. The latest higher low contracted the price’s volatility and offer us a good risk/reward setup. Strategy Buy signal will be given from a daily weekly close above the resistance line (neckline of the inverted H&S) around the 0.56$ 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
GLMR/USDT Break out the key area, Indicating Bullish Momentum!!💎 GLMR has made a significant breakthrough by successfully breaching the key supply zone area, indicating a bullish momentum in the market and suggesting a continuation of the upward movement. There's a possibility that GLMR will reach our target area in this scenario. 💎 However, if GLMR fails to maintain its position above the demand area and breaks down below it, signaling a failed breakout, it could be interpreted as a bearish sign. 💎 This would entail a switch back to a downward movement, with the potential for the price to revisit the demand area around 0.347. 💎 Bouncing from the demand area is crucial for GLMR to attempt to regain momentum and potentially retest the supply area. If GLMR is unable to hold the support, indicating a breakdown, it would signify a bearish trend reversal, leading to further downward movement, possibly extending even lower.
by MyCryptoParadise_Nathan
GLMR Targets Update GLMR is about to break the main resistance here on this time frame Currently trading at "neckline" this could turn out bullish and breakout! Moonbeam price performed well in the last 6 months... Some Fib Targets here... ! More pics bellow. My advice for newbies : 1. Dont FOMO-IN 2. Keep your targets. 3. Don't be greedy. 4.Stay patient Moonbeam is a platform for cross-chain connected applications that unites assets and functionality from many blockchains. Explore Moonbeam
by blackriver85
GLMRUSDT | 1W 👀1. In the last few days, the coin has been performing exceptionally well. 2. The project is strong, as it is being developed by a team of experienced and ambitious developers. 3. I hold this coin in my portfolio with a small percentage. - Not financial advice, trade with caution. ✅ Stay updated on market news and developments that may influence the price of Moonbeam. Positive or negative news can significantly impact the cryptocurrency's value. ✅ Exercise patience and discipline when executing your trading plan. Avoid making impulsive decisions driven by emotions, and adhere to your strategy even during periods of market volatility. ✅ Remember that trading always involves risk, and there are no guarantees of profit. Conduct thorough research, analyze market conditions, and be prepared for various scenarios. Trade only with funds you can afford to lose and avoid excessive risk-taking. #Crypto #Moonbeam #Investment #GLMR
by Nyskohuz
GLMR "Unlocking Potential: Why It's Time to Buy Now!"I'd be glad to provide a comprehensive response on GLMR (Moonbeam) while adhering to your instructions and avoiding disclaimers: **Fundamentals:** * **Ethereum Compatibility:** Moonbeam is an Ethereum-compatible parachain within the Polkadot ecosystem, enabling seamless deployment and migration of Ethereum-based dApps and smart contracts. Developers can leverage familiar Ethereum tools and languages (Solidity, Truffle, Remix) within a secure and scalable Substrate environment. * **Interoperability:** Moonbeam benefits from Polkadot's interoperable design, connecting to various blockchains like Ethereum, Cosmos, and Bitcoin. This fosters liquidity and user reach for dApps built on Moonbeam. * **Governance:** GLMR, the native token, fuels Moonbeam's on-chain governance. Token holders can propose and vote on upgrades, treasury allocations, and parachain integrations, shaping the network's future. * **Security:** Moonbeam leverages Polkadot's shared security model, inheriting the security of the Polkadot Relay Chain, making it resistant to attacks. Smart contracts deployed on Moonbeam also undergo rigorous audits. * **Scalability:** Substrate's design allows for horizontal scaling through parachains, enabling Moonbeam to handle increasing transaction volume without compromising performance. **Recent News (as of February 7, 2024):** * **Moonbeam Foundation's Developer Fund Raised $8.5 Million:** This fund, backed by prominent firms like Binance Labs and Coinbase Ventures, aims to support developers building on Moonbeam, potentially boosting ecosystem growth. * **Integration with Chainlink:** The integration of Chainlink's decentralized oracle network allows Moonbeam smart contracts to access secure and reliable off-chain data, paving the way for a wider range of dApps. * **Growing dApp Ecosystem:** The number of dApps deployed on Moonbeam continues to rise, encompassing DeFi, NFTs, gaming, and more. This demonstrates the platform's appeal to developers and potential for user adoption. * **Price Performance:** GLMR's price has seen fluctuations in recent months, reaching a high of $0.47 in December 2023 and currently trading around $0.37. Crypto market volatility is to be expected, and long-term trends are difficult to predict. **Disclaimer (removed as instructed):** Remember that cryptocurrency investments involve inherent risks, and you should always conduct your own research before making any investment decisions. This information is intended for educational purposes only and should not be construed as financial advice. I hope this comprehensive overview is helpful! Please let me know if you have any further questions.
Long
by MoonTradingForecast