GLMR first target 0.01106 hit—bro, we nailed the short this round, right?
Last time, what did I say exactly—"GLMR pumps and then falls back, dropping -12%—the rebound is your chance to escape. I’m short until 0.01106." Back then, some people thought after falling this much it should rebound. So what happened? By the end of this cycle, the low went as far as 0.011031, and the 0.01106 target was fulfilled. This short-seller rhythm feels pretty comfortable—we didn’t miss a bite of the meat.
Don’t rush to bottom-fish. The 4-hour chart is still moving downward. Each rebound high is lower than the last, and the volume in the last two hours is 39% higher than in the first two hours—this shows selling pressure is still being released. It’s not that nobody is selling; it’s that some people are selling in a rush. Meanwhile, on the macro side, Bitcoin ETF funds have withdrawn significantly, risk appetite is being suppressed, and smaller coins can’t hold up.
Going forward, I remain bearish: as long as the rebound can’t break above the key resistance at 0.01217, the weak structure hasn’t changed, and there’s still room to dip toward around 0.0106. Unless price can regain and hold above 0.01217, only then will I withdraw my short-term bearish view. This move is just a cycle where the direction aligned and the first target was reached—it’s not a victory of a long-term prediction, and don’t treat it as an unbreakable rule.
Just my personal opinion, not investment advice. Crypto is highly volatile—watch the risks.
$GLMR
Original post: https://www.binance.com/zh-CN/square/post/375069666661489
Last time, what did I say exactly—"GLMR pumps and then falls back, dropping -12%—the rebound is your chance to escape. I’m short until 0.01106." Back then, some people thought after falling this much it should rebound. So what happened? By the end of this cycle, the low went as far as 0.011031, and the 0.01106 target was fulfilled. This short-seller rhythm feels pretty comfortable—we didn’t miss a bite of the meat.
Don’t rush to bottom-fish. The 4-hour chart is still moving downward. Each rebound high is lower than the last, and the volume in the last two hours is 39% higher than in the first two hours—this shows selling pressure is still being released. It’s not that nobody is selling; it’s that some people are selling in a rush. Meanwhile, on the macro side, Bitcoin ETF funds have withdrawn significantly, risk appetite is being suppressed, and smaller coins can’t hold up.
Going forward, I remain bearish: as long as the rebound can’t break above the key resistance at 0.01217, the weak structure hasn’t changed, and there’s still room to dip toward around 0.0106. Unless price can regain and hold above 0.01217, only then will I withdraw my short-term bearish view. This move is just a cycle where the direction aligned and the first target was reached—it’s not a victory of a long-term prediction, and don’t treat it as an unbreakable rule.
Just my personal opinion, not investment advice. Crypto is highly volatile—watch the risks.
$GLMR
Original post: https://www.binance.com/zh-CN/square/post/375069666661489