Here we have a mixture of strong, classic, early bullish signals, all pointing towards a recovery.
Golem (GLMUSDT)
First: We have a short-term higher low which I mentioned in several previous charts. August (higher low) vs June (low).
Second: Golem is trading above long-term support. GLMTUSDT trading above its May 2022 low as well as November and December 2022.
Third: We have rising volume as a bullish breakout starts to develop.
The latest retrace was very steep and so we are likely to see an inverse reaction, this one can go fast.
This is a "bottomed out" pair.
Low risk vs high potential for reward.
Namaste.
Golem (GLMUSDT)
First: We have a short-term higher low which I mentioned in several previous charts. August (higher low) vs June (low).
Second: Golem is trading above long-term support. GLMTUSDT trading above its May 2022 low as well as November and December 2022.
Third: We have rising volume as a bullish breakout starts to develop.
The latest retrace was very steep and so we are likely to see an inverse reaction, this one can go fast.
This is a "bottomed out" pair.
Low risk vs high potential for reward.
Namaste.
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