GALA / TetherUS
Long
Updated

#GALA/USDT — Holding the Last Fortres, Recovery or Final Break

367
#GALA

The price is moving in a descending channel on the 1-hour timeframe. It has reached the lower boundary and is heading towards breaking above it, with a retest of the upper boundary expected.

We have a downtrend on the RSI indicator, which has reached near the lower boundary, and an upward rebound is expected.

There is a key support zone in green at 0.00700. The price has bounced from this zone multiple times and is expected to bounce again.

We have a trend towards stability above the 100-period moving average, as we are moving close to it, which supports the upward movement.

Entry price: 0.00714
First target: 0.00721
Second target: 0.00741
Third target: 0.00763

Don't forget a simple principle: money management.

Place your stop-loss below the support zone in green.

For any questions, please leave a comment.

Thank you.
Trade active
#GALA
First target: 0.00721 Reached
Second target: 0.00741 Reached
Trade closed: target reached
#GALA
First target: 0.00721 Reached
Second target: 0.00741 Reached
Third target: 0.00763 Reached

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