GLMR, or Moonbeam, has been getting destroyed, and the absence of Margin and Futures markets present limitations, I can't Short it. So my plan is to time the bottom.
I'll be using the 4H and 15M charts to feel the market. And observing how GLMR channels, I expect GLMR to arc towards 2.20, it has moved 48% in 4 hours before, so nothing is unexpected. There's a lot of Bear activity, but there are signs of them losing steam.
Best case scenario, GLMR pivots towards the Downtrend channel's Median.
Target = 3.1889
A lot of things need to align for me to enter this Long, I'll be watching Level2 on a couple exchanges.
P.S. Let me know if you have a chart you would like me to take a look at.
This is my Thesis, targets are purely hypothetical based on my analysis.
This is NOT Investment and/or Trading Advice.
Happy Trades!
❤️ If you enjoy my ideas, Please like/comment, it means a lot, Thank You! ❤️
I'll be using the 4H and 15M charts to feel the market. And observing how GLMR channels, I expect GLMR to arc towards 2.20, it has moved 48% in 4 hours before, so nothing is unexpected. There's a lot of Bear activity, but there are signs of them losing steam.
Best case scenario, GLMR pivots towards the Downtrend channel's Median.
Target = 3.1889
A lot of things need to align for me to enter this Long, I'll be watching Level2 on a couple exchanges.
P.S. Let me know if you have a chart you would like me to take a look at.
This is my Thesis, targets are purely hypothetical based on my analysis.
This is NOT Investment and/or Trading Advice.
Happy Trades!
❤️ If you enjoy my ideas, Please like/comment, it means a lot, Thank You! ❤️
