🚀GALA: where to BUY? Amazing setup after a HUGE liquidation!
Updated
📈Gala Games(GALA) is in the downtrend for 1 month. Why is it good and when to open a long trade?
When crypto is in a long consolidation or downtrend, it becomes "healthier". Weak hands, retail investors, novice traders begin to close their positions at a loss or break-even because of exhaustion and waiting for 10000%. Who are they selling to? They sell to those who know how to wait, who have been in the market for a long time🐳
💡We have to wait for the beginning of an uptrend movement to open a trades to gain more profit and have a low risk. If you dont know what is a trend and why it`s so important for trader read this article!
Reversal points and triger to open a LONG will be the HUGE liquidations! You can see it on the volume indicator and they are marked on the chart also.
Where the liquidations are most possible:
🔶the key level of $ 0.153. At this point there is a lot of stop-loss traders and a lot of liquidity for a large player.
🔶the support zone of $0.115-0.136. Even more liquidity and more panic sells😓
🔥Fuel for growth will be the traders who will open shorts on these corrections!
🎯Targets:
1. $0,32-0,37
2. $0,45-0,51
Wait for updates, be careful and don't become a fuel!😉
Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
When crypto is in a long consolidation or downtrend, it becomes "healthier". Weak hands, retail investors, novice traders begin to close their positions at a loss or break-even because of exhaustion and waiting for 10000%. Who are they selling to? They sell to those who know how to wait, who have been in the market for a long time🐳
💡We have to wait for the beginning of an uptrend movement to open a trades to gain more profit and have a low risk. If you dont know what is a trend and why it`s so important for trader read this article!
Reversal points and triger to open a LONG will be the HUGE liquidations! You can see it on the volume indicator and they are marked on the chart also.
Where the liquidations are most possible:
🔶the key level of $ 0.153. At this point there is a lot of stop-loss traders and a lot of liquidity for a large player.
🔶the support zone of $0.115-0.136. Even more liquidity and more panic sells😓
🔥Fuel for growth will be the traders who will open shorts on these corrections!
🎯Targets:
1. $0,32-0,37
2. $0,45-0,51
Wait for updates, be careful and don't become a fuel!😉
Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
Note
Hi friends, as you can see, Gala almost copies the second scenario. Lots of liquidations and sl hunting. I hope it was useful for you!Now I am waiting for a growth to the first target. It will be very possible if BTC shows strength in the next 1-2 weeks!
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