GLM
All Target 🎯 1 2 and3
GLM/USDT:
Long
1. Entry Point
Initial Entry: Enter between $0.3280 to $0.3300, as the price appears to be near a potential support area and could see a bounce.
2. Leverage
If you are using leverage, be cautious. It’s generally safer to use low leverage (like 2x-5x) to manage risk effectively.
3. Stop Loss (SL)
Stop Loss Level: Set the stop loss at $0.3160. This level is slightly below the recent support and helps prevent larger losses if the trend goes against you.
4. Take Profit (TP) Levels
TP1 (Partial Exit): $0.3400 – Lock in some profits when the price reaches this level.
TP2 (Full Exit): $0.3500 – Take full profit as the price approaches the previous resistance at $0.35197.
5. DCA (Dollar-Cost Averaging) Strategy
If the price dips below your initial entry point but doesn’t hit the stop loss, you can consider adding to your position incrementally between $0.3200 and $0.3160.
Ensure you have enough margin to sustain these additional entries.
6. Hedging Strategy
Hedging Short Position: If the price breaks below the $0.3160 stop loss level, you could open a short hedge position to minimize potential losses.
Alternatively, set a trailing stop loss to secure profits if the price moves in your favor.
7. Risk Management
Use only a small portion of your total capital for this trade to manage risk effectively.
Make sure to monitor the trade actively, especially in a volatile market like futures
Long
1. Entry Point
Initial Entry: Enter between $0.3280 to $0.3300, as the price appears to be near a potential support area and could see a bounce.
2. Leverage
If you are using leverage, be cautious. It’s generally safer to use low leverage (like 2x-5x) to manage risk effectively.
3. Stop Loss (SL)
Stop Loss Level: Set the stop loss at $0.3160. This level is slightly below the recent support and helps prevent larger losses if the trend goes against you.
4. Take Profit (TP) Levels
TP1 (Partial Exit): $0.3400 – Lock in some profits when the price reaches this level.
TP2 (Full Exit): $0.3500 – Take full profit as the price approaches the previous resistance at $0.35197.
5. DCA (Dollar-Cost Averaging) Strategy
If the price dips below your initial entry point but doesn’t hit the stop loss, you can consider adding to your position incrementally between $0.3200 and $0.3160.
Ensure you have enough margin to sustain these additional entries.
6. Hedging Strategy
Hedging Short Position: If the price breaks below the $0.3160 stop loss level, you could open a short hedge position to minimize potential losses.
Alternatively, set a trailing stop loss to secure profits if the price moves in your favor.
7. Risk Management
Use only a small portion of your total capital for this trade to manage risk effectively.
Make sure to monitor the trade actively, especially in a volatile market like futures
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
GLM
0.3597
+3.06%
Replies 0