KUCOIN:GALAUSDT testing a key level of significance (marked by red arrows). Trying to get above the 2100 area. If we stay above it and get on top of the 200MAs on daily (picture added) the next big resitance level is 5 cents. Possible 130% move for the patient.
just hit our first target after breakout, 22% move.
And to stop loss, if you are intested about a losing trade and how to take a loss
Comment
⋅
Here we can see that 200EMA and 200MA which has worked as resistance before (Highlighted with blue arrows). Usually they give some support or resistance to the price, but you know how cryptos move sometimes ;)
Comment
⋅
Nice breakout from the 200EMA. Need to close above this, and a backtest would be just beautiful. Next smaller resistance/target is 3 cents where you can relieve some pressure if wanted, but I'm waiting for one of the main targets around 0.05 Dollars. Patience will be rewarded
Comment
⋅
Nice backtest of a key level that used to work as support, then turned to resistance, and now seems to be support again