Hi friends! The GALA price returns to the area where the biggest volume were traded. I suppose that whales buy their GALA here at the bottom. Now you can see how the price return to this area agin and it`s a good chance to open a long if this preconditions will happen:
🔥 false breakout of the $0.046 key level or short squeeze below the local lows to activate the sl of small traders
🔥 volume growth which shows the additional purchase by the big players and that the small one sell their coins
🔥 squeeze to the trendline
🔥 bullish BTC. All altcoins follow BTC, so if it`s start to grow, the GALA reach the targets much faster.
🚩 Now the price of GALA is inside the $0.052-0.062 huge value area which is support fot the price.
📊 The targets:
1. $0.073 - the key level
2. $0.08-0.084 - the closest value area which become the resistance for the price
✅Also i will track the huge whales orders wall to BUY using DOM and Footprint. This tools show the exact price where the big players set their BUY limits and I open the long with short sl and best risk to reward ratio (1:7-20 or more). Stay tuned!
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P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.