GLM/USDT Short Trade Setup – Bearish Rejection at Resistance 🚨
📊 Current Market Overview (15M Chart - Binance)
🔹 Current Price: $0.3949
🔹 Key Resistance Zone: $0.39 – $0.40 (Highlighted Red Zone)
🔹 Support Levels: $0.36 – $0.34
📉 Chart & Pattern Analysis:
🔸 Current Pattern: Double-Top Formation at $0.40
🔸 Candle Formation: Price tested $0.40 multiple times but failed to break, forming rejection wicks. Potential bearish engulfing pattern → sign of reversal.
🔸 Trend Signal:
Short-term: Bearish rejection from resistance
Mid-term: Bullish trend, but a short-term pullback likely.
📉 Indicator Analysis & Trend Confirmation:
✅ RSI (Relative Strength Index) supporting the bearish outlook.
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