Let's analyze the GALA chart. Price has tested the big value area as support. A bounce is now very likely to occur. A bounce could occur to the liquidity area, which is marked above. If your strategy is a bounce, it could be a good buying opportunity.
But while the market is still showing weakness, you should not discard the downside scenario. A price squeeze and a break of the upper boundary of the big value area could be a good selling opportunity.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.