GALA/USDT Price Action| Lower Range| Trend| Volume
Evening Traders,
GALAUSDT’s immediate price action is trading towards a lower level of support that has confluence, allowing for a bullish bias,
Points to consider,
- Price Actin Corrective
- Lower Range Support
- Declining Volume
- RSI oversold
GALAUSDT’s immediate price action is corrective and is trading towards a level of support that has confluence with the range low and POC, allowing for a bullish bias.
The current volume profile is on a decline, an influx is highly imminent on the next expansion.
The RSI is current oversold, an oversold bounce play will be probable on the next expansion.
Overall, in my opinion, GALAUSDT is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps,
Thank you for following my work
And remember,
“If you can’t take a small loss, sooner or later you will take the mother of all losses.” – Ed Seykota
GALAUSDT’s immediate price action is trading towards a lower level of support that has confluence, allowing for a bullish bias,
Points to consider,
- Price Actin Corrective
- Lower Range Support
- Declining Volume
- RSI oversold
GALAUSDT’s immediate price action is corrective and is trading towards a level of support that has confluence with the range low and POC, allowing for a bullish bias.
The current volume profile is on a decline, an influx is highly imminent on the next expansion.
The RSI is current oversold, an oversold bounce play will be probable on the next expansion.
Overall, in my opinion, GALAUSDT is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps,
Thank you for following my work
And remember,
“If you can’t take a small loss, sooner or later you will take the mother of all losses.” – Ed Seykota
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