$GLM
/USDT Technical Analysis & Trade Signal
Momentum: Bullish
The price has surged +8.98% in the past 24 hours, breaking above key resistance levels. High volumes and consistent higher lows indicate strong buying momentum.
Key Indicators:
1. Resistance Levels:
R1: $0.4050
R2: $0.4125
R3: $0.4200
2. Support Levels:
S1: $0.3940
S2: $0.3885
3. RSI (Relative Strength Index): 65 (Approaching Overbought, watch for potential breakout or consolidation)
4. MACD: Bullish crossover indicates further upward momentum
Trade Signal:
Buy on dips near $0.3940 – $0.3990 with a Stop Loss at $0.3880.
🎯 Target Levels:
1. T1: $0.4125
2. T2: $0.4200
3. T3: $0.4350
Monitor volume trends for confirmation of momentum continuation. If price fails to hold above $0.3940, momentum may weaken.