💎 GAL has recently exhibited noteworthy market dynamics, showing a bearish rejection and a potential downward movement towards the demand area in the range of $2.7 to $2.5.
💎 Despite this, GAL has also broken out of a rounding bottom pattern, indicating a potential bullish reversal.
💎 If GAL successfully retests the demand area and bounces from it, it could signal a continuation of the upward movement, possibly reaching our target area.
💎 However, if GAL fails to bounce or breaks down below the demand area, it may continue downward towards the next support level, located at the Bullish OB around $2.2.
💎 GAL must bounce from the Bullish OB area and reclaim the area above the supply if it intends to sustain its upward movement. Failure to do so could confirm a switch back to a bearish trend, leading to further downward movement in price.
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.