🔔 GALA/USDT Trade Signal and analysis 🔔
📊 1H Timeframe: GALA/USDT has broken out of a Descending Channel, signaling a potential bullish continuation. The price has moved above the 100-period Moving Average, confirming a reversal in momentum and suggesting a further rise in the short term.
🚀 Potential Targets:
1️⃣ $0.02125 (First key level)
2️⃣ $0.02323 (Second target)
3️⃣ $0.02500 (Final target)
🔧 Technical Breakdown:
• RSI is in an upward trend, confirming the strength of the breakout. A continued rise in RSI indicates that bullish momentum is gathering pace.
• EMA 100: The price stabilizing above this level further supports the continuation of the upward movement. This confirms the shift in trend to bullish, with buyers gaining control.
📉 Support Level:
• Key Support Area is around $0.01860, close to the lower boundary of the broken descending channel. This will act as a strong support level in case of a pullback.
📈 Bullish Scenario:
• An entry at $0.01950 aligns with the start of the uptrend. The first target of $0.02125 looks highly achievable if bullish momentum persists.
• Breaking through to the second target at $0.02323 could push GALA towards the final goal of $0.02500, provided the RSI continues its upward trajectory.
🔮 Doc’s Tip: Look for volume confirmation to support the bullish breakout. A retest of the $0.01950 zone could offer an ideal buying opportunity before GALA aims for the higher targets!
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