Yello, Paradisers! Is this #GALA pullback just a healthy retest before another explosive rally, or are we about to see a deeper drop that will wipe out impatient bulls? Let’s break it down:
💎After weeks of trading inside a descending channel, #GALAUSDT finally broke above the descending resistance, sparking renewed bullish momentum. The breakout has pushed the price toward the $0.020 zone, but now #GALA has encountered a resistance zone (previously support). The question remains: will GALA maintain this level or revisit lower supports before proceeding higher?
💎The current structure shows #GALAUSD attempting to convert its previous resistance into new support around $0.018–$0.020. A clean retest of this support zone would significantly increase the probability of a sustained bullish continuation. The 50EMA acting as support and positive macro trend in crypto market reinforces our bullish bias.
💎If buyers remain in control, the first upside target is the moderate resistance at $0.0253. However, the major profit-taking and strong selling pressure are expected near the $0.0312 zone, where the strongest resistance lies. A successful break and hold above this level would confirm a more aggressive bullish trend.
💎On the flip side, the bullish setup becomes invalid if #GALA loses the strong demand zone at $0.0162–$0.0134. A confirmed close below $0.0134 would flip the structure bearish and open the door for another leg down.
Stay patient, Paradisers. Let the breakout confirm, and only then do we strike with conviction.
MyCryptoParadise
iFeel the success🌴
💎After weeks of trading inside a descending channel, #GALAUSDT finally broke above the descending resistance, sparking renewed bullish momentum. The breakout has pushed the price toward the $0.020 zone, but now #GALA has encountered a resistance zone (previously support). The question remains: will GALA maintain this level or revisit lower supports before proceeding higher?
💎The current structure shows #GALAUSD attempting to convert its previous resistance into new support around $0.018–$0.020. A clean retest of this support zone would significantly increase the probability of a sustained bullish continuation. The 50EMA acting as support and positive macro trend in crypto market reinforces our bullish bias.
💎If buyers remain in control, the first upside target is the moderate resistance at $0.0253. However, the major profit-taking and strong selling pressure are expected near the $0.0312 zone, where the strongest resistance lies. A successful break and hold above this level would confirm a more aggressive bullish trend.
💎On the flip side, the bullish setup becomes invalid if #GALA loses the strong demand zone at $0.0162–$0.0134. A confirmed close below $0.0134 would flip the structure bearish and open the door for another leg down.
Stay patient, Paradisers. Let the breakout confirm, and only then do we strike with conviction.
MyCryptoParadise
iFeel the success🌴
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✅🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Want to trade like a PRO without the 15+ year learning curve?
🫳Steal the edge - follow seasoned team of traders at mycryptoparadise.com (FREE)
✅🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
🫳Steal the edge - follow seasoned team of traders at mycryptoparadise.com (FREE)
✅🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.