$GLMR gains 3.9% in just 15 minutes — is this the start of the next continuation move?
My bias remains bullish as the 1H and Daily structures continue to print higher highs and higher lows. Price is also holding well above the key higher low at 0.008407, keeping the broader bullish structure intact.
The recent 3.9% move came with a 1.4x volume increase. While volume is elevated, it does not yet look like clear exhaustion. For now, the move appears more consistent with bullish momentum than a simple pump.
The key area I’m watching is 0.01095–0.01025. This zone combines fresh demand with a Fair Value Gap created during the impulsive move higher.
I would prefer to see a pullback into this area followed by absorption, a bullish engulfing candle, or a strong pin bar before considering a continuation long.
Upside targets:
TP1: 0.01435
TP2: 0.01600
TP3: 0.01800
If 0.01025 fails, GLMR could see a deeper liquidity sweep toward 0.00830, where another potential long setup could develop. However, that would carry significantly higher risk.
The major bullish invalidation remains 0.008407. A confirmed 1H close below this level would weaken the bullish structure and could signal a shift toward bearish conditions.
One important warning: BTC is still facing sell-side pressure. That means chasing GLMR after the pump carries additional risk. I would rather wait for a controlled pullback and confirmation than enter into strength.
Trading plan: Buy the confirmation, not the excitement.
#GLMR #Moonbeam #CryptoTrading #Altcoins #Binance $GLMR
My bias remains bullish as the 1H and Daily structures continue to print higher highs and higher lows. Price is also holding well above the key higher low at 0.008407, keeping the broader bullish structure intact.
The recent 3.9% move came with a 1.4x volume increase. While volume is elevated, it does not yet look like clear exhaustion. For now, the move appears more consistent with bullish momentum than a simple pump.
The key area I’m watching is 0.01095–0.01025. This zone combines fresh demand with a Fair Value Gap created during the impulsive move higher.
I would prefer to see a pullback into this area followed by absorption, a bullish engulfing candle, or a strong pin bar before considering a continuation long.
Upside targets:
TP1: 0.01435
TP2: 0.01600
TP3: 0.01800
If 0.01025 fails, GLMR could see a deeper liquidity sweep toward 0.00830, where another potential long setup could develop. However, that would carry significantly higher risk.
The major bullish invalidation remains 0.008407. A confirmed 1H close below this level would weaken the bullish structure and could signal a shift toward bearish conditions.
One important warning: BTC is still facing sell-side pressure. That means chasing GLMR after the pump carries additional risk. I would rather wait for a controlled pullback and confirmation than enter into strength.
Trading plan: Buy the confirmation, not the excitement.
#GLMR #Moonbeam #CryptoTrading #Altcoins #Binance $GLMR