GALA Short Position : Key Levels and Profit Targets 📉

#GALA #GALAUSTD #galatrend #BinanceSquareFamily #BinanceEverywhere

A potential short opportunity has emerged for **GALA/USDT**. After reaching the 4-hour supply zone and showing a bearish engulfing pattern, a short position was opened based on a **FO from a CP** pattern.

Trade Details :

Entry : 0.02160

- Take Profit 1 (TP1) :** 0.02044

- Take Profit 2 (TP2) :** 0.01810

- Stop-Loss (SL) :** 0.02252

- Risk/Reward (R/R) :** 3.8

Conclusion :

This trade strategy anticipates a pullback from the current level, with the potential for profits at two defined targets. The risk/reward ratio of **3.8** suggests a well-balanced setup for this short position.

Advice for Investors/Traders :

Keep a close eye on GALA's movement, especially at key support levels. Ensure to stick to the stop-loss at **0.02252** to manage risk effectively if the trade turns unfavorable.