Like most Altcoins, 
GALAUSDT also broke above a falling wedge's resistance in Oct-Nov of last year.
It experienced an initial leg up, followed by roughly a 300% increase, and then underwent a normal correction afterward.
The price halted its decline from the recent high at the 61% Fibonacci level and has begun to rise again, possibly indicating the end of the correction phase.
Currently, the price is encountering local resistance, and in the event of a breakout, we can anticipate continuation.
This rise could lead to an increase to around 0.06, a crucial resistance level.
Despite my reservations about the project's tokenomics, I am technically bullish and will allocate a very small portion of my portfolio to this trade.
GALAUSDT also broke above a falling wedge's resistance in Oct-Nov of last year. It experienced an initial leg up, followed by roughly a 300% increase, and then underwent a normal correction afterward.
The price halted its decline from the recent high at the 61% Fibonacci level and has begun to rise again, possibly indicating the end of the correction phase.
Currently, the price is encountering local resistance, and in the event of a breakout, we can anticipate continuation.
This rise could lead to an increase to around 0.06, a crucial resistance level.
Despite my reservations about the project's tokenomics, I am technically bullish and will allocate a very small portion of my portfolio to this trade.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Pubblicazioni correlate
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.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Pubblicazioni correlate
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.