Hello traders,
Honestly this was a trade that I should have published earlier but I was trapped on it
Seems like gala was forming micro inverse head and shoulder pattern on 15m-30m frame
Target of the pattern is at 0.027$
A strong resistance lies at 0.02828$
Notice that btc isn't stable this time, so please take care, market is not stable enough to reach the target but hopefully it well so you have to use stoploss
Stoploss can lie under the neckline or the previous swing low at .02385
Wish you a good day
Honestly this was a trade that I should have published earlier but I was trapped on it
Seems like gala was forming micro inverse head and shoulder pattern on 15m-30m frame
Target of the pattern is at 0.027$
A strong resistance lies at 0.02828$
Notice that btc isn't stable this time, so please take care, market is not stable enough to reach the target but hopefully it well so you have to use stoploss
Stoploss can lie under the neckline or the previous swing low at .02385
Wish you a good day
Order cancelled
btc rejected :)Note
please care traders, as BTC dominance has a bullish divergence which will increase the loss in altcoins as BTC moves even slightly downwardsNote
BTC is crazy rn xD lets get it clear. above 36600 -> we are ok , bullish
under 35100 -> bearish
between them -> up and down hardly
Note
For now, Gala broke a resistance but I can't buy myself tbh, BTC is a bit bearish so am in doubt if i jumped in this trade that btc will hold in its place or even go upside
Note
that how what it should look like if BTC was ok with it :D
Final target at 0.03
Note
As mentioned l
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Follow for more frequent updates about crypto on Telegram,
available in both AR and EN.Don’t hesitate to ask questions in the comments!
available in both AR and EN.Don’t hesitate to ask questions in the comments!
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.