How do you do dear friends,

*Mars Signals Team wishes you high profits*

This is a one-day-time frame analysis for GALAUSDT

There we have R3 and R2 on the top of the chart which are the resistance areas with the demonstration of disability of price to rise. R1 used to be a support area. And at the bottom of this chart, S1 is our support area that contains the support of price at some points even since the past. We observe the price behavior in the past which was supportive at S1 area after its rejection and descending to this point. By the time the price had a support at S1, a recovery trend was seen for it toward higher amounts but each time it was not able to have more rise and faced another decline. Now we have the price in its falling trend through some negative Marubozu Candles and it fell into our support area again. Hence, our expectation would include more decline for the price to reach the bottom of S1 and after being supported here and receiving some fixation and support, another rise is waiting for it to happen. Remember to wait for the price to break each resistance area upward and after receiving more support and fixation, put your orders and then by rising to the other resistance area, you can save your profits and make sure of a logical trading. At the moment the possibility of more decline below S1 is not so high and we would wait for more support and then more increase. You should consider the market situation in the lower time frames and make sure what will happen exactly. We suggest you to obtain every piece of information and idea through our updates for enjoying more profitable trades. Keep in mind to consider market conditions in lower time frames in order to make sure of a good point to put your trade order, we suggest you to wait for the time which the price is in its return upward.

Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.

Take care


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