Coin Name: #GALA/USDT
Signal Type: LONG
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๐ Market Analysis
The GALA/USDT chart is showing strong bullish momentum, trading within an ascending channel. Here's what traders need to know:
1๏ธโฃ Channel Dynamics:
The price respects the support and resistance lines of the ascending channel.
A breakout above the upper trendline could ignite a powerful rally.
2๏ธโฃ Technical Indicators:
EMA Ribbon ๐ ๐ก: The price remains above the EMA ribbon, confirming the ongoing uptrend.
RSI (61.94) ๐ข: Healthy buying pressure without signs of being overboughtโindicating more room for upward movement.
3๏ธโฃ BTC Dominance (BTC.D):
BTC.D has broken its support line, signaling potential market-wide pumps, including GALA.
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๐ Entry & Targets
Entry Price: 0.0450 or current market price
Target Prices (TP):
1st TP: 0.060
2nd TP: 0.070
3rd TP: 0.080
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๐ Key Observations on the 2H TF
GALA continues to exhibit bullish sentiment, with significant upward potential.
If BTC maintains its trend, GALA is poised to follow suit, respecting its technical indicators.
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๐ Strategy for Traders
Watch for a confirmed breakout above the upper trendline before entering.
Ensure volume supports the move for sustained momentum.
Keep stop-loss levels tight to mitigate potential downside risks.
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๐ฌ Do you think GALA can hit $0.10 by year-end? Letโs discuss below!
#GALA #GALAUSDT #ThanksgivingBTCMoves #BSCOnTheRise #Write2Earn!
