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MyCryptoParadise
Dec 5, 2023 1:00 AM

GLMR/USDT Navigating a Promising Resistance Breakout? πŸ‘€ πŸš€GLMRΒ Long

GLMR / TetherUSBinance

Description

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πŸ’ŽParadisers, let's zoom in on #GLMRUSDT as it's currently charting an interesting course. The asset has just breached a strong resistance level, paving the way for what seems like a potential upward trend.

πŸ’Ž Diving into #MOONBEAMrecent market behavior, it has shown a consistent pattern of navigating a descending channel, breaking above, and then propelling upwards. Recently, after facing a hurdle at the resistance of $.2974 and retracing back to the channel's support, It has made another breakthrough above this pivotal level. If this breakout holds true and remains sustained, #GLMRUSDT could be setting its sights on targeting higher resistance levels at $.3712 and $.5437.

πŸ’Ž However, in the ever-shifting landscape of cryptocurrency markets, #GLMR traders need to be prepared for a range of outcomes. Should the current breakout attempt lose momentum, a strategic approach would involve gearing up for a bullish rebound from the support level of $0.2557.

πŸ’Ž Crucially, a downturn below this support level would signal the need for a strategic reevaluation, as it may indicate difficulties in maintaining the bullish trajectory in the market. πŸŒ΄πŸ’°

Trade closed: target reached

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πŸ’Ž Nailed it again - #GLMRUSDT is up 123.37%, right on cue!

Comment

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Comments
FirstNameHelen
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I think soon we will see alt coins rally and GLMR also must join :) I think price can reach 0.4-0.45 $ easy
MyCryptoParadise
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@FirstNameHelen, Your outlook on the potential rally of altcoins, including GLMR, seems positive!
Arazmajeed
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I appreciate your hard work, Very helpful thanks
Investing_Trading
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Great Thinking!
MyCryptoParadise
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@Investing_Trading,
Thank you!
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