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GALA/USDT (Futures) Potential Upward Movement

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.

1-Hr Frame:

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.

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Buy Market Order @ 0.20293

TP 1 @ 0.25110

TP 2 @ 0.27150

Stop Loss @ 0.19097

Trade Safely 🙂

About Joe Damien

Joe is a proven Forex analyst and manual trader with 6 years of full-time trading experience. He is a swing trader that relies on price action, market structure and Fibonacci retracement. His two most successful pairs are CHF/JPY, CAD/JPY, but his expertise allows him to profit on any asset or pair.

One comment

  1. What leverage should I use?

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