$GLM 1h: Navigating a Bullish Correction Amid Bearish Pressure
Price action shows a tentative bullish correction, but the overarching downtrend on higher timeframes keeps caution front and center.
On the 1-hour chart, $GLM is testing a critical support zone near 0.1931. Holding above this level and breaking through resistance around 0.2025 could open the door to upside targets near 0.2055 and 0.2155. Conversely, a strong break below 0.1931 risks a deeper pullback toward 0.1868 or even 0.1794, where buyers might reemerge. Confirmation from bullish reversal patterns or retests is key before committing longs, while stops should respect recent swing extremes. This analysis is trimmed. To see the full version with TP/SL/entry ladder and more depth, go through the Finora Telegram bot below.
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