GLMRUSDT has formed an M pattern on the daily chart, indicating a potential trend midterm reversal. The M pattern is a technical analysis pattern that occurs when a coin price reaches a high, pulls back, and then reaches another high at nearly the same level as the previous high before pulling back again.
In the case of GLMRUSDT, the first high was formed on February 9th at around $0.5582, followed by a pullback to around $0.3984 to form the pattern Neckline. The second high was formed on February 20th at around $0.5698, which is nearly the same level as the first high, followed by another pullback to the neckline.
This M pattern suggests that GLMRUSDT may be reversing its previous uptrend, and could be headed for a downward trend. I will suggest looking for shorting will be a wise decision here till price reaches our new BUY BACK ZONE.
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