GAL POSSIBLE SHORT ENTRY!!!📉⏳
$BINANCE:GALUSDTPERP
GAL has been moving upwards strongly for the past few days perhaps its time for it to take the fall!📉
On the 4HR chart is a hidden bearish RSI divergence which peaked on 20th July at the 3.4439 price mark forming what appears to be a equal low liquidity zone on the 2.9109 price mark. This zone ought to be mitigated if the market continues in a smooth direction.
A change of character has already been formed as seen on the chart and I am keen that price will be drawn to the immediate POI around the 3.5043 price range before continuing the downtrend, I have also kept my trade exit below 2% loss incase I'm wrong about this analysis. Trade with caution!!!
-Joel
Please like and follow to get more ideas/tutorials like this, I'd also love to know what you think about my idea😃.
GAL has been moving upwards strongly for the past few days perhaps its time for it to take the fall!📉
On the 4HR chart is a hidden bearish RSI divergence which peaked on 20th July at the 3.4439 price mark forming what appears to be a equal low liquidity zone on the 2.9109 price mark. This zone ought to be mitigated if the market continues in a smooth direction.
A change of character has already been formed as seen on the chart and I am keen that price will be drawn to the immediate POI around the 3.5043 price range before continuing the downtrend, I have also kept my trade exit below 2% loss incase I'm wrong about this analysis. Trade with caution!!!
-Joel
Please like and follow to get more ideas/tutorials like this, I'd also love to know what you think about my idea😃.
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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.
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.