GLMR/USDT: Uptrend Momentum, But Stay Cautious of Pullbacks! 📈⚖️
Based on multi-timeframe analysis and latest news, GLMR shows strong bullish signals in the short term, supported by:
🔥 Positive Catalysts:
· Network Runtime 4100 upgrade → transactions up 221%!
· Staking limit decreased → participation increased.
· Binance offers staking up to 71% APR & a 2 million USDT tournament.
· Aggressive accumulation by "smart money" (buy volume 14.5x sell volume).
📊 Technicals:
· Price broke through EMA 7/25/99 on 4-hour timeframe.
· RSI approaching overbought on smaller timeframe (80+), but still room on 4-hour (67.1).
· Key support: $0.0264 – $0.025.
· Resistance: $0.0283 (breakout target).
🎯 Strategy:
· LONG preferred → wait for pullback to $0.025–0.0264 zone for entry.
· Target: $0.0283–$0.030.
· Stop loss: $0.0245.
· SHORT only if price rejected at $0.0283 + RSI >85.
⏳ Estimate: Momentum could continue for 1–2 weeks if volume remains high.
In short: Better LONG opportunities after a pullback. Avoid FOMO at high prices! Be cautious of short-term pullbacks due to overbought RSI.
---
#GLMR #Moonbeam #CryptoAnalysis #TechnicalAnalysis #TradingStrategy #Binance
#staking #web3空投 #cryptotrading $GLMR