GLMR/USDT Break out the key area, Indicating Bullish Momentum!!
💎 GLMR has made a significant breakthrough by successfully breaching the key supply zone area, indicating a bullish momentum in the market and suggesting a continuation of the upward movement. There's a possibility that GLMR will reach our target area in this scenario.
💎 However, if GLMR fails to maintain its position above the demand area and breaks down below it, signaling a failed breakout, it could be interpreted as a bearish sign.
💎 This would entail a switch back to a downward movement, with the potential for the price to revisit the demand area around 0.347.
💎 Bouncing from the demand area is crucial for GLMR to attempt to regain momentum and potentially retest the supply area. If GLMR is unable to hold the support, indicating a breakdown, it would signify a bearish trend reversal, leading to further downward movement, possibly extending even lower.
💎 However, if GLMR fails to maintain its position above the demand area and breaks down below it, signaling a failed breakout, it could be interpreted as a bearish sign.
💎 This would entail a switch back to a downward movement, with the potential for the price to revisit the demand area around 0.347.
💎 Bouncing from the demand area is crucial for GLMR to attempt to regain momentum and potentially retest the supply area. If GLMR is unable to hold the support, indicating a breakdown, it would signify a bearish trend reversal, leading to further downward movement, possibly extending even lower.
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