Technical analysis by MAAwan about Symbol GLMR: Buy recommendation (5/10/2025)

GLMRUSDT – Bullish Cypher Pattern Forming | Reversal Setup 🔄🚀 Hey pattern traders 👋 GLMR (Moonbeam) is forming what looks like a textbook bullish Cypher pattern — and if this completes properly, we could be looking at a solid reversal play off key Fibonacci levels. This is the kind of setup where precision and patience pay off. 🔺 Cypher Pattern Breakdown Let’s decode it real quick: XA: The initial impulse leg AB: Retraces 38.2–61.8% of XA BC: Extends to 113–141.4% of AB CD: Completes near 78.6% retracement of the entire XA move If we’re completing the D-leg now, that’s where the buy zone comes in — right near the golden pocket of the move. This isn’t just a harmonic — this is a measured, rule-based entry with a solid R:R structure baked in. 📈 Why This Matters Cypher patterns are rare but powerful, offering reversal potential at points of max pain Structure aligns with oversold RSI, and MACD is showing a flattening histogram — momentum might be shifting If D completes near support, you’re looking at low-risk entries with explosive upside 🎯 Trading Plan (Example) Entry: Near the Cypher completion zone (around 78.6% of XA) Target 1: 38.2% retracement of CD leg Target 2: 61.8% retracement of CD leg Stop Loss: Below X-leg (invalidate the pattern) This is not a hype trade — this is where pros take shots while everyone else panics at the bottom. 📌 GLMR Forming a Bullish Cypher – Reversal Could Be Near Are you watching this pattern too? Let’s talk strategy — aggressive entry or waiting for confirmation? #GLMRUSDT #CypherPattern #BullishSetup #CryptoTrading #HarmonicPatterns #PriceAction #AltcoinSetup #ReversalTrade #TechnicalAnalysis