GALAUSDT Potential Reversal ?
Updated
Hello Traders,
Before we start to discuss, I'll be so glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it!
- GALAUSDT on 1D time frame chart has been in an downtrend since Feb 2022 , making lowers lows and lower highs yet it reached a very important support zone ( demand zone for buyers ) on 0.10000$-0.10650$ , buyers
should defend this zone in order for the price to maintain this level , noticeably this level of support held an interesting event back on November 16 2021 as we can see on the chart which confirm us that buyers have a
strong interest to buy at this zone.
- I suggest that GGALA will bounce back strongly from this strong level of support and an accumulation phase is possible , buyers are ready to take the price higher soon , buyers should reclaim soon old S/R level on
0.16418$ - 0.17772$ breaking the last swing low in order too see that buyers are willing to push the price higher and confirm the reversal meanwhile GGALA is still trading in bearish mode until we see our Trigger.
Good Luck Traders!
Before we start to discuss, I'll be so glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it!
- GALAUSDT on 1D time frame chart has been in an downtrend since Feb 2022 , making lowers lows and lower highs yet it reached a very important support zone ( demand zone for buyers ) on 0.10000$-0.10650$ , buyers
should defend this zone in order for the price to maintain this level , noticeably this level of support held an interesting event back on November 16 2021 as we can see on the chart which confirm us that buyers have a
strong interest to buy at this zone.
- I suggest that GGALA will bounce back strongly from this strong level of support and an accumulation phase is possible , buyers are ready to take the price higher soon , buyers should reclaim soon old S/R level on
0.16418$ - 0.17772$ breaking the last swing low in order too see that buyers are willing to push the price higher and confirm the reversal meanwhile GGALA is still trading in bearish mode until we see our Trigger.
Good Luck Traders!
Trade closed: stop reached
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