It looks like a trade setup for $GLM /USDT. Here's a quick summary of the strategy:
Current Setup:
Current Price: $0.4176
Target 1: $0.4200 (Immediate Resistance)
Target 2: $0.4230 (Next Resistance Level)
Stop-loss: $0.4145
Support Level to Watch: $0.4150 for potential bullish confirmation
Strategy Overview:
$GLM has been showing consistent higher lows, signaling potential for a breakout from the consolidation near the $0.4200 resistance.
Enter at $0.4176, aiming for quick gains toward $0.4200, with a secondary target at $0.4230.
Implement risk management with a stop-loss at $0.4145 to protect against unexpected price dips.
Key Focus:
Monitor volume and price action closely for confirmation of the breakout.
Keep an eye on support levels, especially $0.4150, for potential bounces to indicate the continuation of bullish momentum.
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