GALA is currently breaking out of the accumulation range between $0.056 and $0.051 which was consolidated in the whole past week
I'm currently waiting for a confirmation of the breakout, thus if we get a succesful retest of the 0.056 with a good bullish momentum candle we can set a long order targeting at least the 0.5 fibonacci level @ 0.061 for something around a 5%, setting our stop loss below the highlighted support level
let me know if you found this idea helpful and if you are going to enter the trade!
also dont forget to follow me, leave a like, and if you want to request a technical analysis, just comment the ticker of the cryptocurrency you want me to analyse down here!
I'm currently waiting for a confirmation of the breakout, thus if we get a succesful retest of the 0.056 with a good bullish momentum candle we can set a long order targeting at least the 0.5 fibonacci level @ 0.061 for something around a 5%, setting our stop loss below the highlighted support level
let me know if you found this idea helpful and if you are going to enter the trade!
also dont forget to follow me, leave a like, and if you want to request a technical analysis, just comment the ticker of the cryptocurrency you want me to analyse down here!
Comment:
gala is losing the support, and as the retest was not succesful, the scenario is (for now) invalidated
