Short idea for GALA - triangle (1H)
Updated
I would like to share this short idea for GALA. It's moving in a triangle pattern, so now there is a high probability that the price will go down until the bottom support line. The RSI and MACD indicators are also confirming the predicted move.
Trend: downtrend (50 EMA < 100 EMA < 200 EMA on the hourly chart)
Nice and easy trading opportunity.
Entry level: if price goes below 0.341
SL/TP levels are shown on the Short position drawing.
Good luck!
Trend: downtrend (50 EMA < 100 EMA < 200 EMA on the hourly chart)
Nice and easy trading opportunity.
Entry level: if price goes below 0.341
SL/TP levels are shown on the Short position drawing.
Good luck!
Trade closed: target reached
Good news! The price moved exactly as I predicted.Profit target reached 5 hours later the idea was published.
Profit: 6.3% (I used 2x leverage)
Congrats everyone who did the same trade!
Cheerz!
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Thank you for your support and may the markets be with you!
Thank you for your support and may the markets be with you!
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