GALA, the diagonal waveBased on 4H TF, I found a diagonal wave with target of fifth wave around 0.44
After the surging wave, seem BINGX:GALAUSDT is exhausted.
Let's wait and see.
At this case, we have two options
1. Long order when price hit the support 0.345.
2. Short order when price hit target of 5th wave but higher risk because blowoff in diagonal wave. Besides, we can short when price down to below 0.34
Let's DYOR before you trade. My idea is not an advice.
Let's like if it helpful. Appreciate!
Bingx
#Journal TRBO #UNI at BingX1h tf breakout play #UNI
bias: buy long
entry 10.3504 at 12:21.08pm
exit and tp 10.4352 at 1:42.38pm
PNL: .34(8.19%)
sl 20% 10.1433
confluences:
ccc
macd bearish cross
histogram showing strong buying signal
volume
candles above bb50
rsi below or above 50
reason for early exit:
volume is not showing increase in buying power.
PROFIT IS PROFIT AS ALWAYS.