Observing GLMRUSDT, one identifies a notable blue box on the chart. This area, in the estimation of a discerning investor, appears to function as a significant support level.
The principle here is straightforward: when an asset's price descends to a particular zone and consistently finds buying interest, preventing further decline, that zone establishes itself as a support. This blue box suggests a concentration of demand, where those who value the asset are prepared to acquire it.
While technical patterns are not the sole determinant of value, they can illuminate where market participants are accumulating positions. A sustained defense of this blue box, particularly if accompanied by a decrease in selling pressure or an uptick in buying volume, would reinforce its significance.
Conversely, a decisive breach of such a support level would necessitate a re-evaluation, as it would indicate a shift in the balance between supply and demand. However, for the present, this blue box stands as a point of interest for those seeking to understand the potential floor for GLMRUSDT's price action.
📌I keep my charts clean and simple because I believe clarity leads to better decisions.
📌My approach is built on years of experience and a solid track record. I don’t claim to know it all but I’m confident in my ability to spot high-probability setups.
📌If you would like to learn how to use the heatmap, cumulative volume delta and volume footprint techniques that I use below to determine very accurate demand regions, you can send me a private message. I help anyone who wants it completely free of charge.
🔑I have a long list of my proven technique below:
I stopped adding to the list because it's kinda tiring to add 5-10 charts in every move but you can check my profile and see that it goes on..
The principle here is straightforward: when an asset's price descends to a particular zone and consistently finds buying interest, preventing further decline, that zone establishes itself as a support. This blue box suggests a concentration of demand, where those who value the asset are prepared to acquire it.
While technical patterns are not the sole determinant of value, they can illuminate where market participants are accumulating positions. A sustained defense of this blue box, particularly if accompanied by a decrease in selling pressure or an uptick in buying volume, would reinforce its significance.
Conversely, a decisive breach of such a support level would necessitate a re-evaluation, as it would indicate a shift in the balance between supply and demand. However, for the present, this blue box stands as a point of interest for those seeking to understand the potential floor for GLMRUSDT's price action.
📌I keep my charts clean and simple because I believe clarity leads to better decisions.
📌My approach is built on years of experience and a solid track record. I don’t claim to know it all but I’m confident in my ability to spot high-probability setups.
📌If you would like to learn how to use the heatmap, cumulative volume delta and volume footprint techniques that I use below to determine very accurate demand regions, you can send me a private message. I help anyone who wants it completely free of charge.
🔑I have a long list of my proven technique below:
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- 📊 BTC.D: Retest of Key Area Highly Likely
- 📊 XNOUSDT %80 Reaction with a Simple Blue Box!
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- 📊 TIAUSDT | Still No Buyers—Maintaining a Bearish Outlook
- 📊 OGNUSDT | One of Today’s Highest Volume Gainers – +32.44%
I stopped adding to the list because it's kinda tiring to add 5-10 charts in every move but you can check my profile and see that it goes on..
Professional Day Trader
Microstructure Practicioner
t.me/umuttrades
kick.com/umuttrades live everyday.
Microstructure Practicioner
t.me/umuttrades
kick.com/umuttrades live everyday.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Professional Day Trader
Microstructure Practicioner
t.me/umuttrades
kick.com/umuttrades live everyday.
Microstructure Practicioner
t.me/umuttrades
kick.com/umuttrades live everyday.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.