๐ข $GALA / USDT | ๐ด SHORT | โญ 76%
๐ฏ Target: $0.0018495. Will it get there?
๐ฏ Trading levels:
๐ด Entry: $0.001893
๐ Stop Loss: $0.00191716
๐ TP1: $0.0018495
๐ TP2: $0.00182534
๐ TP3: $0.00179634
๐ Analysis:
The market structure shows a clear downtrend, confirmed by the formation of lower highs and lower lows on the four-hour chart. A significant increase in trading volume is observed, suggesting greater selling pressure on the asset. The break of support levels reinforces this scenario, while open interest has risen by 6.7%, indicating a greater flow of capital in this direction.
โ๏ธ Risk/Reward: 1:1.8
โฑ๏ธ Timeframe: 15M
#crypto #GALA #trading #Bearish
๐ก This analysis is for educational purposes and does not constitute financial advice. Do your own research and make your decision carefully.
๐ฏ Target: $0.0018495. Will it get there?
๐ฏ Trading levels:
๐ด Entry: $0.001893
๐ Stop Loss: $0.00191716
๐ TP1: $0.0018495
๐ TP2: $0.00182534
๐ TP3: $0.00179634
๐ Analysis:
The market structure shows a clear downtrend, confirmed by the formation of lower highs and lower lows on the four-hour chart. A significant increase in trading volume is observed, suggesting greater selling pressure on the asset. The break of support levels reinforces this scenario, while open interest has risen by 6.7%, indicating a greater flow of capital in this direction.
โ๏ธ Risk/Reward: 1:1.8
โฑ๏ธ Timeframe: 15M
#crypto #GALA #trading #Bearish
๐ก This analysis is for educational purposes and does not constitute financial advice. Do your own research and make your decision carefully.