đ GALAUSD (1D) Trading Signal Alert! đ
đ Current Setup Overview:
- Trend: Bearish, but watch for a potential reversal!
đ Trade Setup:
1. Entry Criteria:
- đ Consider a long position once a daily candle closes above the 1D MA50 (~$0.022). This could signal the start of a bullish reversal!
2. Initial Entry Price:
- đ Enter near $0.022 or higher after a daily close above the MA50, with increased volume supporting the breakout.
3. Stop-Loss Placement:
- đ« Place your stop-loss just below the recent swing low at $0.015 to guard against downside risk.
4. Take Profit Targets:
- đŻ Target 1: $0.034 â Key resistance level and the next pivot zone.
- đŻ Target 2: $0.060 â Strong bullish extension based on the 0.786 Fibonacci retracement.
5. Risk-Reward Ratio:
- âïž A robust 1:3 ratio, with entry near $0.022, stop-loss at $0.015, and initial target at $0.034.
đ Risk Management:
- đ Risk only 1-2% of your capital per trade.
- đ Move your stop-loss to breakeven after reaching $0.034 to lock in profits and minimize losses.
đ Technical Breakdown:
- Fibonacci Levels: The 0.786 level at $0.060 shows potential for bullish extension if the price stays above the MA50.
Trade Summary:
- Entry: Above $0.022 (upon daily close confirmation)
- Stop-Loss: Below $0.015
- Take Profit: T1: $0.034, T2: $0.060
- Risk-Reward Ratio: 1:3 with dynamic risk management
đ Ready to catch the next wave? Visit my profile and vote đłïž for a chance to win 5 USDT! đ
Disclaimer: This post includes third-party opinions and is not financial advice. May contain sponsored content. See T&Cs.
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