GALA/USDT (Futures) Long-Term Trend: Bullish
Key Resistance Levels: 0.25110, 0.27150, 0.28000.
Key Support Levels: 0.20255, 0.18237, 0.16251.
The price on the higher time frame posted a double bottom formation which led to a reversal and a move higher. A higher low could be seen as well showing that the buyers are in a clear control of the market. We expect further movement to the upside in the coming hours.
GALA/USDT (Futures) Medium-Term Trend: Bullish
30-Mins Time Frame:
On the lower time frame, we can see that the market broke out of the bullish flag to the upside after finding buyers near the 61.80% Fibonacci retracement level. We expect a new bullish impulse wave in the same direction of the new trend toward the mentioned target profits.
Buy Market Order @ 0.20293
TP 1 @ 0.25110
TP 2 @ 0.27150
Stop Loss @ 0.19097
Trade Safely 🙂