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Bullish on GLIOF: Volume and Support Are Key!
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Morning all! I hope you had a relaxing weekend and are ready to dive into this new week. I’ve got some technical analysis lined up for GLIOF. Communicated disclaimer, nfa
Targets:
- $0.29
- $0.33
- $0.39
- $0.50 (which could mean 100% gains
Trade Rationale
- Volume, Volume, Volume: The recent surge in volume is what really caught my eye. In our trading world, volume is king, and 99% of the time, price movement follows.
- Support Zone: GLIOF is currently sitting on a strong support zone, ranging from $0.195 to $0.27.
- Great Risk-Reward: The current downtrend actually works in our favor, offering an exceptional risk-to-reward ratio. We’re not buying tops here!
I’m bullish. The chart looks solid, the risk-reward ratio is favorable, and I’m really liking the volume.
Feel free to drop any questions or thoughts in the comments below!
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