GALAUSDT testing a key level of significance (marked by red arrows). Trying to get above the 2100 area. If we stay above it and get on top of the 200MAs on daily (picture added) the next big resitance level is 5 cents. Possible 130% move for the patient.XRP trade just hit our first target after breakout, 22% move.
And DYDX to stop loss, if you are intested about a losing trade and how to take a loss
Note
Here we can see that 200EMA and 200MA which has worked as resistance before (Highlighted with blue arrows). Usually they give some support or resistance to the price, but you know how cryptos move sometimes ;)Note
Nice breakout from the 200EMA. Need to close above this, and a backtest would be just beautiful. Next smaller resistance/target is 3 cents where you can relieve some pressure if wanted, but I'm waiting for one of the main targets around 0.05 Dollars. Patience will be rewarded
Note
Nice backtest of a key level that used to work as support, then turned to resistance, and now seems to be support again
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.