MyCryptoParadise_Simon

GAL/USDT upward momentum?? πŸ‘€ πŸš€ Galxe Today Analysis

Long
BINANCE:GALUSDT   GAL / TetherUS
πŸ’Ž Paradisers, get ready for a golden opportunity with #GALUSDT! We've observed a successful breakout from a bullish falling wedge, and now a retest of the wedge trend is signaling a likely upward moveπŸ‘€

πŸ’Ž Upon closer observation, we noticed that demand had previously shifted to supply, leading GAL to experience a significant drop. However, after capturing liquidity on the downside, the asset has regained its bullish momentum and is currently holding a key support level at $0.944.

πŸ’Ž Looking ahead, there's a robust supply zone and price imbalance. We anticipate the price of #Galxe will likely reach and mitigate this supply zone soon. However, given market volatility, if the price breaks below the support level, consider planning a short entry targeting the invalidation zone.

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