Yello Paradisers! Have you noticed the recent breakout in GLMUSDT? This could be the perfect setup for a major bullish move, but let's dive into the details to understand why.
đź’ŽGLMUSDT has broken out of its descending channel, showing a Change of Character (CHoCH) towards a bullish market structure and forming an inverse head and shoulders pattern. These factors combined significantly increase the probability of a bullish move.
đź’ŽHowever, for confirmation, we need to see a breakout and candle closing above the resistance zone. This will not only validate the inverse head and shoulders pattern but also solidify the bullish outlook.
💎In the case of a pullback, we can expect a potential double bottom formation from the support zone. For confirmation, it’s prudent to wait for an internal Change of Character (I-CHoCH) towards a bullish market structure to increase the probability in our favor.
đź’ŽConversely, if we see a breakdown and candle close below the support zone, it will invalidate our entire analysis.
Stay focused and disciplined, Paradisers. The right opportunities come to those who wait and act strategically. Remember, consistency is key in this volatile market.
MyCryptoParadise
iFeel the success🌴
đź’ŽGLMUSDT has broken out of its descending channel, showing a Change of Character (CHoCH) towards a bullish market structure and forming an inverse head and shoulders pattern. These factors combined significantly increase the probability of a bullish move.
đź’ŽHowever, for confirmation, we need to see a breakout and candle closing above the resistance zone. This will not only validate the inverse head and shoulders pattern but also solidify the bullish outlook.
💎In the case of a pullback, we can expect a potential double bottom formation from the support zone. For confirmation, it’s prudent to wait for an internal Change of Character (I-CHoCH) towards a bullish market structure to increase the probability in our favor.
đź’ŽConversely, if we see a breakdown and candle close below the support zone, it will invalidate our entire analysis.
Stay focused and disciplined, Paradisers. The right opportunities come to those who wait and act strategically. Remember, consistency is key in this volatile market.
MyCryptoParadise
iFeel the success🌴
Nota
💎Boom! #GLMUSDT is doing just what we said. Up 29.31% and looking good!💎Now, it’s time to play it smart. Consider booking some profits and placing your stop-loss at breakeven, as the price is nearing a significant resistance zone.
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Declinazione di responsabilitĂ
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.