Hi friends! A lot of traders forget about GALA, but the most of them will return when the price starts the pump or be close to ATH. We should open a trade the trade before large movements and when it have the best rr ratio.
GALA is already reach the 1st target and make +25% profit. Check this idea to get more experience in trading.
📊 Preconditions to open a long: 🔥 fall to the local lows. Here the whales can collect enough liquidity to buy because a lot of stop losses of retail traders are placed here. When the price reach this area, their longs will be closed and whales accumulate enough liquidity. 🔥 volume growth confirms it 🔥 squeeze to the trendline 🔥 bullish BTC sentiment which push the altcoins up
Dom and Footprint indicators helps us to find the best entry point on this pullback before the PUMP happen. They help to identify the whales orders and open trade with the besr rr.
🚩The targets: $0.7 - key level $0.79-0.85 - value area
💻Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
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.