Title: $GALA Uptrend Retest 📊
$GALA/USDT (Perp) – Bullish, HL structure
Entry: 0.00220–0.00225 (trendline retest)
TP: 0.00234 / 0.00240
SL: 0.00218
⚠️ Not financial advice. DYOR.
Notes on the levels (from your chart):
Price is forming higher lows (HL, LL) into the rising trendline, with resistance clustering near 0.00234 (HH zone) and support at the current trendline test around 0.00220–0.00225.
Entry: the 0.00220–0.00225 zone, where price is currently sitting on the trendline and prior horizontal support (green lines) — a common area for bulls to defend.
TP1 (0.00234): the HH resistance / prior rejection zone. TP2 (0.00240): trendline extension / next resistance if 0.00234 breaks. SL (0.00218): just below the trendline and the recent LL zone — a close below here would break trend structure.
RSI is sitting near the midline (45–54), so momentum is neutral rather than strong — confirm the trendline holds with a bullish candle before entering rather than anticipating the bounce.
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$GALA/USDT (Perp) – Bullish, HL structure
Entry: 0.00220–0.00225 (trendline retest)
TP: 0.00234 / 0.00240
SL: 0.00218
⚠️ Not financial advice. DYOR.
Notes on the levels (from your chart):
Price is forming higher lows (HL, LL) into the rising trendline, with resistance clustering near 0.00234 (HH zone) and support at the current trendline test around 0.00220–0.00225.
Entry: the 0.00220–0.00225 zone, where price is currently sitting on the trendline and prior horizontal support (green lines) — a common area for bulls to defend.
TP1 (0.00234): the HH resistance / prior rejection zone. TP2 (0.00240): trendline extension / next resistance if 0.00234 breaks. SL (0.00218): just below the trendline and the recent LL zone — a close below here would break trend structure.
RSI is sitting near the midline (45–54), so momentum is neutral rather than strong — confirm the trendline holds with a bullish candle before entering rather than anticipating the bounce.
@Binance Square Official #BitcoinClears$85200 #AltcoinSeasonIndexHoldsAbove60For5Days #USADPAdds90000JobsInSeptember #Binance #ChartSniper