GAL/USDT Potential Back test first and continue upward movement!

5 Mar

💎 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.