GALAUSDT is going to retest the dynamic support
The market got a rejection exactly from the weekly resistance of 0.29$ and the price is going to create a pennant on the daily timeframe.
On the 4h timeframe, the price is going to retest the 0.25$ resistance on the M's neckline. As you can see on the 4h timeframe (the lower one) the price created a double top of 0.29$.
How to approach?
We could see a pullback on the previous support now resistance and a new bearish impulse until the dynamic support on 0.24$
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
On the 4h timeframe, the price is going to retest the 0.25$ resistance on the M's neckline. As you can see on the 4h timeframe (the lower one) the price created a double top of 0.29$.
How to approach?
We could see a pullback on the previous support now resistance and a new bearish impulse until the dynamic support on 0.24$
––––
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
Comment:
We could see a retest of the dynamic daily support. let's see
Comment:
10% so far
Comment:
14% so far 😎
more if the price is going to lose the daily support
more if the price is going to lose the daily support
Comment:
18% so far
Trade closed: target reached:
25% since my idea
