$GLM 🎯 TEST SYSTEM PASSED SUCCESSFULLY: $GLM PREPARES A SECOND STRIKE!
While inexperienced traders wondered what that sharp candle to $0.1161 was, a classic “reconnaissance-in-force” played out on the chart. In one impulse, the market maker swept out the short stops, took the liquidity, and tested the order book density at the top! ⚡
Most interesting part started right after the needle: the price wasn’t dumped back—instead, the volume of 3.53M GLM instantly digested the sellers.
📊 Key signals from the chart:
Bullish EMA cross: Hourly EMA(21) and EMA(50) have finally crossed above the heavy EMA(200), forming a solid, iron-like cushion under the price ($0.1110).
Cooldown drop: RSI immediately shook off the tension and returned to a perfect neutral position (56.5). Fuel for the next surge—in excess!
Order book sweep: All the sell limit plates up to $0.1140 have been completely “consumed.” Resistance from above is getting thinner and thinner.
💡 What does this mean?
The first “range-finder” shot has been fired. Now the price is carving out a bullish consolidation right above the moving averages. The next impulse will be aimed at breaking the local highs and moving toward the 1D EMA(200) in the $0.128–$0.130 area.
👇
#GLM #DePIN #Crypto #BinanceSquare #Altcoins #Trading #FOMO
While inexperienced traders wondered what that sharp candle to $0.1161 was, a classic “reconnaissance-in-force” played out on the chart. In one impulse, the market maker swept out the short stops, took the liquidity, and tested the order book density at the top! ⚡
Most interesting part started right after the needle: the price wasn’t dumped back—instead, the volume of 3.53M GLM instantly digested the sellers.
📊 Key signals from the chart:
Bullish EMA cross: Hourly EMA(21) and EMA(50) have finally crossed above the heavy EMA(200), forming a solid, iron-like cushion under the price ($0.1110).
Cooldown drop: RSI immediately shook off the tension and returned to a perfect neutral position (56.5). Fuel for the next surge—in excess!
Order book sweep: All the sell limit plates up to $0.1140 have been completely “consumed.” Resistance from above is getting thinner and thinner.
💡 What does this mean?
The first “range-finder” shot has been fired. Now the price is carving out a bullish consolidation right above the moving averages. The next impulse will be aimed at breaking the local highs and moving toward the 1D EMA(200) in the $0.128–$0.130 area.
👇
#GLM #DePIN #Crypto #BinanceSquare #Altcoins #Trading #FOMO