💎 Paradisers, the recent market dynamics surrounding #GAL have been noteworthy.
💎 GAL has successfully broken out of the resistance trendline, indicating a bullish momentum for its next movement.
💎 There's potential for the price to first test the trendline around the 4.5 area before continuing its upward movement and attempting to break the local resistance at 5.05.
💎 Alternatively, if GAL breaks the resistance directly without testing the trendline area, it could continue its upward trajectory and reach our target area of the Bearish OB and supply zone.
💎 However, if GAL fails to bounce off the support trendline at 4.5 during the retesting phase, or if the price closes below the line, it could signal a retracement back to the Bullish OB area to establish new momentum.
💎 The Bullish OB area holds significance, and if breached, the last bullish support lies within the $2.7 - $2.45 area. Should this support also be broken, it would confirm a bearish trend, potentially leading to further downward movement.
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