📢 $GLW / $USDT | 🔴 SHORT | ⭐ 68.9%
🎯 Target: $147.18. Is it still dropping?
🎯 Trading levels:
🟢 Entry: $148.85
🛑 Stop Loss: $149.85
🏁 TP1: $147.18
🏁 TP2: $146.85
🏁 TP3: $146.18
📉 Analysis:
The market structure in $GLW / $USDT shows a fully bearish alignment across all timeframes, with an ADX of 33.77 confirming a strong downward trend. Price has confirmed a double top pattern and is trading below the EMA20 and EMA50 moving averages, while the RSI at 39.9 indicates room for further selling pressure without being in extreme oversold conditions.
⚖️ Risk/Reward: 1:1.67
⏱️ Timeframe: 1H
📐 Technical confidence: 4/5
The thesis is invalidated if $149.85 is broken, a level where the bearish structure would lose momentum. We are watching for a sustained break of the nearby support at $148.79 to confirm continuation toward the proposed targets.
Do you think the current volume is enough to break the support at $148.79?
#crypto #GLW #trading #Futures #Bearish
🎯 Target: $147.18. Is it still dropping?
🎯 Trading levels:
🟢 Entry: $148.85
🛑 Stop Loss: $149.85
🏁 TP1: $147.18
🏁 TP2: $146.85
🏁 TP3: $146.18
📉 Analysis:
The market structure in $GLW / $USDT shows a fully bearish alignment across all timeframes, with an ADX of 33.77 confirming a strong downward trend. Price has confirmed a double top pattern and is trading below the EMA20 and EMA50 moving averages, while the RSI at 39.9 indicates room for further selling pressure without being in extreme oversold conditions.
⚖️ Risk/Reward: 1:1.67
⏱️ Timeframe: 1H
📐 Technical confidence: 4/5
The thesis is invalidated if $149.85 is broken, a level where the bearish structure would lose momentum. We are watching for a sustained break of the nearby support at $148.79 to confirm continuation toward the proposed targets.
Do you think the current volume is enough to break the support at $148.79?
#crypto #GLW #trading #Futures #Bearish
