GAL/USDT It shows potential price will bounce from the support!
💎 Paradisers, #GAL is indeed a coin worthy of close attention.
💎 Currently trading within a bullish flag pattern, GAL shows potential for a bounce from the support area as it approaches the resistance trendline of the pattern.
💎 For confirmation of bullish momentum, GAL needs to break above the pattern's upper boundary around $4.5. A successful breakout could lead GAL to retest our target strong resistance area.
💎 However, if GAL fails to bounce from the support zone between $3.6 to $3.3 and breaks below it, this could signify bearish momentum, with GAL likely to trend lower towards the support trendline or the demand area around $2.5.
💎 The GAL must bounce from the demand area, as it represents a significant support level. Moreover, reclaiming a position above $3.6 is essential for GAL to sustain its upward trajectory and reach our target area.
💎 If GAL breaches the demand area, it would confirm bearish sentiment. Exiting positions might be prudent if GAL's candle closes below the demand zone, as this could indicate further downside potential.
MyCryptoParadise
iFeel the success🌴
💎 Currently trading within a bullish flag pattern, GAL shows potential for a bounce from the support area as it approaches the resistance trendline of the pattern.
💎 For confirmation of bullish momentum, GAL needs to break above the pattern's upper boundary around $4.5. A successful breakout could lead GAL to retest our target strong resistance area.
💎 However, if GAL fails to bounce from the support zone between $3.6 to $3.3 and breaks below it, this could signify bearish momentum, with GAL likely to trend lower towards the support trendline or the demand area around $2.5.
💎 The GAL must bounce from the demand area, as it represents a significant support level. Moreover, reclaiming a position above $3.6 is essential for GAL to sustain its upward trajectory and reach our target area.
💎 If GAL breaches the demand area, it would confirm bearish sentiment. Exiting positions might be prudent if GAL's candle closes below the demand zone, as this could indicate further downside potential.
MyCryptoParadise
iFeel the success🌴
Do you Want to start trading like a PRO?
Follow a team of traders with 10+ years of experience?
JOIN FREE👉 t.me/+IaNzEzXsdiBlNDg0
🎖️Or Fully Upgrade Your Trading With Clean strategy, and PRO Crypto Signals 👉 shorturl.at/ikpAV
Follow a team of traders with 10+ years of experience?
JOIN FREE👉 t.me/+IaNzEzXsdiBlNDg0
🎖️Or Fully Upgrade Your Trading With Clean strategy, and PRO Crypto Signals 👉 shorturl.at/ikpAV
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.