Short
GALUSDT: Short?
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The coin sits between two trend lines. The downside scenario seems more likely, as the coin has not stuck above the historical level at 1.30.
The lower trigger will be a singal to the short, with the first resistance marked in orange. When the price approaches it, we can move SL to a less unprofitable position or to breakeven.
Possible profits are displayed below. I do not exclude further downward movement, but we will talk about it after reaching the first two targets.
What to say about the top trigger?
It can be a signal to short if price stays under the trendline with a nearby SL above the trend.
It can be a signal to long if the price stays above the trend line. But here, I emphasize, if I enter, it will be after confirmation of price fixation above the trend.
The lower trigger will be a singal to the short, with the first resistance marked in orange. When the price approaches it, we can move SL to a less unprofitable position or to breakeven.
Possible profits are displayed below. I do not exclude further downward movement, but we will talk about it after reaching the first two targets.
What to say about the top trigger?
It can be a signal to short if price stays under the trendline with a nearby SL above the trend.
It can be a signal to long if the price stays above the trend line. But here, I emphasize, if I enter, it will be after confirmation of price fixation above the trend.
Ordre annulé
The situation has changed: bitcoin has increased in value. That's why GAL went up in price. The trade trigger was not activated. I'm closing the idea.
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