GALA: Channel Breakout to Golden Zone - 40% Upside Target

2 days ago

Here's a professional TradingView analysis for GALA/USDT:

Technical Analysis:

Key Levels:
🎯 Entry: 0.035 USDT
🎯 Target (TP): 0.050 USDT (+40%)
📊 Current Price: 0.035 USDT
📈 Volume: 90.38M

Pattern Structure:
• Trading within descending channel
• Double resistance confluence at target zone
• Channel breakout setup forming

Trade Setup:
1. Entry Setup:
- Entry at 0.0356
- Clear channel breakout formation
- Volume accumulation phase

2. Target Analysis:
- Primary target: 0.05
- Confluence with major resistance
- Potential 40% return from entry

3. Key Technical Factors:
- Descending channel boundaries clearly defined
- Wave pattern projecting upward movement
- Multiple timeframe confluence (4H chart)

Risk Management:
• Set stops below recent lows
• Risk:Reward ratio approximately 1:4
• Consider scaling in at entry zone

Timeframe:
• Chart: 4H BINANCE
• Target Timeline: Early January 2025

Note: This is technical analysis only. Always manage risk appropriately and DYOR.

#GALA #USDT #Crypto #TechnicalAnalysis #Trading

yesterday

Trade active

breaking trend line now .. perfect push up .. we are waiting re-testing trend to buy