The $GLMR /USDT pair on the 15-minute chart is currently trading around 0.1592 USDT, showing mild recovery after testing a low near 0.1564 USDT.
The chart reveals signs of potential consolidation, with slight upward pressure if the price maintains above the immediate support. Key resistance is observed at 0.1627 USDT; breaking through this level could signal a short-term bullish movement.
The support level to watch is 0.1564 USDT; holding above this could maintain the current bullish sentiment, while a drop below may indicate further downside.An entry around the current price of 0.1592 USDT may be viable for traders anticipating an upward move.
Suggested take-profit (TP) levels include an initial target at 0.1610 USDT, followed by 0.1620 USDT, and potentially reaching 0.1627 USDT if momentum persists.
To manage risk, a stop-loss (SL) at 0.1550 USDT is recommended.
Given the 15-minute timeframe, this setup may exhibit rapid price changes, so it’s advisable to monitor MACD and RSI for confirmation of strength in the move, as well as any significant volume increases that could signal further momentum.
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