$GLM

GLM/USDT QUICK TECHNICAL ANALYSIS

1. MARKET SNAPSHOT

Current Price: $0.4842

24h Range: $0.4694 - $0.5344

Movement: -12.15% from peak

Stage: Consolidation phase

Key MAs:

+ Above: MA50 ($0.4647), MA99 ($0.4126)

- Below: MA20 ($0.5268)

Technical Status: Neutral with bearish bias

2. KEY LEVELS

Support:

- Strong: $0.4694 (recent low)

- Major: $0.4647 (MA50)

- Critical: $0.4500

Resistance:

- Immediate: $0.5268 (MA20)

- Major: $0.5344 (recent high)

3. TRADING SCENARIOS

BULLISH (40% probability)

Entry: $0.4700-$0.4750

Targets:

- $0.5268 (+8.8%)

- $0.5344 (+10.4%)

Stop: $0.4550 (-3.9%)

Trigger: Volume increase, RSI>50

BEARISH (35% probability)

Entry: Current or $0.5200

Targets:

- $0.4694 (-3%)

- $0.4500 (-7%)

Stop: $0.5350

Trigger: MA20 rejection

SIDEWAYS (25%)

Range: $0.4694 - $0.5268

4. QUICK STRATEGY

Bullish Setup:

- Buy near $0.4700

- Scale: 50-30-20%

- Move stop to entry at +4%

- Exit partial at MA20

Bearish Setup:

- Short MA20 rejection

- Tight stop above $0.5350

- Cover 50% at recent low

- Trail remaining position

5. RISK MANAGEMENT

- Max risk: 1.5% per trade

- Split entries recommended

- Use price action stops

- Monitor volume closely

6. KEY WARNINGS

- Low volume environment

- Multiple resistance ahead

- MACD showing weakness

- Watch BTC correlation

7. BEST CURRENT SETUP

LONG POSITION:

Entry: $0.4700-$0.4750

Target: $0.5268 (MA20)

Stop: $0.4550

R:R = 1:3.5

Requirements:

- Volume increase

- RSI recovery

- MA50 holding

- Clear candle pattern

8. ACTION ITEMS

1. Set alerts at $0.4694 and $0.5268

2. Watch for volume expansion

3. Monitor MA20 reactions

4. Check RSI divergences

CONCLUSION

Outlook: NEUTRAL-BULLISH

Strategy: Buy support with tight stops

Focus: Risk management critical

Best Approach: Scale into positions