This technical analysis is based on the daily chart of 
GALAUSDT on the Binance exchange. This analysis draws two price channels and evaluates support and resistance levels.
Price Channel Analysis:
Entry and Exit Points:
Conclusion:
This analysis suggests that by adhering to the specified take profit and stop loss levels, a successful trade can be achieved. The Reward/Risk Ratio for this trade is approximately 3.39, indicating a highly favorable risk-to-reward scenario. To manage risk effectively, it is recommended to strictly follow the stop loss level.
GALAUSDT on the Binance exchange. This analysis draws two price channels and evaluates support and resistance levels.Price Channel Analysis:
- The previous bearish channel is broken out, and a bullish channel is formed.
- The suggested entry point is around 0.04303 USDT.
Entry and Exit Points:
- Entry: 0.04303 USDT
- Take Profit: 0.06312 USDT (46.74%)
- Stop Loss: 0.03710 USDT (13.79%)
- R/R Ratio: 3.39
Conclusion:
This analysis suggests that by adhering to the specified take profit and stop loss levels, a successful trade can be achieved. The Reward/Risk Ratio for this trade is approximately 3.39, indicating a highly favorable risk-to-reward scenario. To manage risk effectively, it is recommended to strictly follow the stop loss level.
Trade chiuso: stop raggiunto
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.