TradingView
TradingNomadic
Dec 27, 2021 6:24 PM

$GALAX - Bearish Bat, Bullish cross Long

Description

Basic harmonic framework would suggest a minimum of an 88.6% retrace to complete the bearish bat. If we get a broader market move to the upside, id personally be looking for a 1.618, in typical crypto fashion.

A pull back would be ideal for entry with a deeper stop, but this is one way to set up here. You could also limit down a bit in small increments and move your stop under C in the event of a pullback.
More