GALUSDT On the Edge of Another Explosive Bull Rally?

11 de jul.

Yello, Paradisers! Are we on the verge of a major move for #GALUSDT? Let's dive into the key levels and potential scenarios to watch out for.

💎#Galxe has been trading within a well-defined descending channel on the daily timeframe, with the price consistently respecting the trendlines. The POC of VRVP is acting as a significant support for #GAL, providing a solid foundation for potential upward movement.

💎GAL is poised to challenge the descending resistance of the channel. A potential breakout and retest of the Bullish Order Block (OB) around $1.980 could be on the horizon. This area is packed with liquidity and could propel GAL towards a breakout.

💎If #GAL can break above the descending resistance, supported by the liquidity at $1.980, we could see a strong bullish move toward the major resistance zone around $4.000.

💎Should the current resistance hold, we might see a retest of the key support level at $1.680. This retest could provide the necessary rally for a breakout. If the key support at $1.680 fails to hold, #GALUSDT could face increased bearish pressure.

Remember, strive for consistency, not quick profits. Treat the market as a businessman, not as a gambler.

MyCryptoParadise
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