4h time frame
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GALA finished the 1st pumping wave(0.0125 ~ 0.022), and start retesting the demand zone. The demand zone is also on the same level of 0.382 Fibonacci Retracement. Further, MANA which is the GameFi field as GALA is going up to structural supply zone, so we can set up a trading plan that target is benchmarking to MANA.
TP: 0.025~0.028
SL: 0.0168
BINANCE:GALAUSDT
GALA USDT 1 Day TF Analysis. Bullish Momentum Shows
Examining the GALA USDT price action, we notice promising indications of bullish momentum. After a 10-day consolidation period,
Currently break the H.L that is also good sign for price move upward direction in coming days.
(RSI) is also showing a bullish divergence on the charts, further...
The price has broken previous weekly support (marked as PWS on the chart). After breaking that support it retested the support a couple of times but got rejected. Now price is trading under that broken support zone is likely to head towards the next daily and weekly support zone (marked as DS+WS1 on the chart).
