GALAUSDT completed 5 wave legs from its ATH of $0.8412 and has undergone a significant correction after reaching its ATH, but the price reached an important bottom at $0.0154, which could be the end of the correction and the beginning of a new uptrend.
The price responded well to the bottom, showing an immediate bounce. This bounce crossed above the trendline that determines the trend, signaling a potential reversal.
As shown on the chart, the price is currently accumulating above the trendline in the form of bullish flag, which is potential bullish continuation pattern. We recommend accumulating GALAUSDT from this zone given on the chart, which has historically acted as support and resistance in the past.
We recommend placing a stop loss below the trendline to limit potential losses in case of a sudden drop in price. The stop loss level is also shown on the chart for reference.
Our targets for GALAUSDT are shown on the chart, we should use proper risk management and evaluate the market conditions before making any trading decisions.
Thank you for reading, and we appreciate your engagement on this post.
Please note that this analysis is not financial advice, and you should always perform your own research and risk assessment before entering any trade.
The price responded well to the bottom, showing an immediate bounce. This bounce crossed above the trendline that determines the trend, signaling a potential reversal.
As shown on the chart, the price is currently accumulating above the trendline in the form of bullish flag, which is potential bullish continuation pattern. We recommend accumulating GALAUSDT from this zone given on the chart, which has historically acted as support and resistance in the past.
We recommend placing a stop loss below the trendline to limit potential losses in case of a sudden drop in price. The stop loss level is also shown on the chart for reference.
Our targets for GALAUSDT are shown on the chart, we should use proper risk management and evaluate the market conditions before making any trading decisions.
Thank you for reading, and we appreciate your engagement on this post.
Please note that this analysis is not financial advice, and you should always perform your own research and risk assessment before entering any trade.
Transaction en cours:
My first every analysis on Gala far back 2021
Transaction en cours
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