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.
- Looking at GALA on 1D time frame chart we can see a good accumulation phase around 0.5600$ level after the price was trading inside a triangle , a breakout and a positive retest on the upper trendline resistance
suggesting that buyers will take price higher from there,
- I will be waiting to see the daily candle close reaction and will set my long position upon that , meanwhile if buyers failed to push price higher , then price might visit again level support 0.5600$.
Good Luck Traders!
Trade closed: target reached
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.