TradingView
MyCryptoParadise
Dec 29, 2023 9:09 AM

GLMR/USDT bullish continuation from demand 🚀GMLR Today Analysis Long

GLMR / TetherUSBinance

Description

â‹…
💎 Paradisers, let's take a closer look at #GLMRUSDT, which is currently navigating an intriguing path. The asset is showing significant potential for a bullish move from its current demand zone.

💎 Analyzing recent market trends for #MOONBEAM, it's evident that the asset has been following a pattern of descending, breaking above, and then surging upward. Recently, it encountered resistance at $0.6389 and retraced, but now it appears to be gearing up for a bullish move from the demand zone at $0.4185. If it manages to maintain momentum above this zone, the next major target lies at the supply level of $0.6389.

💎 However, given the volatile nature of the crypto market, #GLMR traders must be ready for various scenarios. If the price fails to sustain momentum at the demand level, a wise strategy would be to prepare for a bullish resurgence from the support level of $0.3625.

💎 Importantly, a decline below this support level would necessitate a strategic reassessment, as it could suggest challenges in maintaining a bullish course in the market. 🌴💰
More