The overall structure remains bearish as the price continues to form lower highs and lower lows below the descending trendline.
However, compression near the 0.00670 dollar support suggests selling momentum is weakening and a short-term corrective bounce is possible if this level holds.
GALAUSDT
However, compression near the 0.00670 dollar support suggests selling momentum is weakening and a short-term corrective bounce is possible if this level holds.
GALAUSDTTrade active
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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.