$GAL 24-hour trend [up] July 11
[Buy and sell points]
Buy point 1: 2.50 USDT (close to the integer mark, and near the EMA7 support level)
Buy point 2: 2.40 USDT (near the previous band low, with strong support)
Buy stop loss point: 2.35 USDT (5 units below buy point 2 to prevent false breakthroughs)
Sell point 1: 3.00 USDT (integer mark, with pressure near the historical high)
Sell point 2: 3.10 USDT (further upside space, considering the possible breakthrough)
Short stop loss point: 3.15 USDT (5 units above sell point 2 to prevent false breakthroughs)
[Price trend analysis]
K-line pattern:
The recent K-line shows a fluctuating upward trend, especially the long positive line on July 11, 2024, which shows strong buying power. In the early stage, a relatively obvious support level was formed near 2.0, which was not broken after multiple downward explorations.
Technical indicators:
MACD: DIF and DEA gradually approached each other and showed signs of golden cross, and the MACD histogram turned from negative to positive, indicating that the bulls were strengthened. RSI: RSI14 rebounded from the oversold zone and is currently at 53.898, close to the neutral zone, but there is still room for further growth. EMA: The price broke through EMA7 (2.276) and EMA30 (2.420), but has not yet touched EMA120 (3.029). The short-term moving average diverged upward, indicating that the bulls are dominant in the short term.
Trading volume:
On July 11, 2024, the trading volume was significantly enlarged to 13497255, indicating that the market activity increased and the capital inflow was obvious. The trading volume in the past few days was relatively stable, but the overall trend was mildly enlarged, which, in conjunction with the price increase, indicated that the upward momentum was sufficient.
