Technical analysis by clasaicrypto about Symbol GALA: Buy recommendation (8/4/2024)

✉️ Pair: GALAUSDT📈 Direction: Long💯 Leverage: Cross 5X - 10X - 20X📊 Entry 1: $0.01830📊 Entry 2 (DCA): $0.01500✅ Target 1: $0.03200 (I recommend selling 20-30% of your position)✅ Target 2: $0.03800 (I recommend selling 20-30% of your position)✅ Target 3: $0.04500 (I recommend selling 20-30% of your position)✅ Target 4: $0.05200 (I recommend selling the remaining position)⛔️ Stop Loss: $0.01400GALA is trading within a descending channel and nearing a key demand zone. The price is testing a critical level around $0.01830, which could lead to a significant bullish breakout if sustained momentum is achieved.If the price manages to break above and confirm the breakout of the descending resistance, it could signal a trend reversal. In this case, entry is recommended at $0.01830, with a second buying opportunity (DCA) at $0.01500.The targets are set based on potential recovery and trend reversal:Target 1 at $0.03200 reflects a significant initial resistance. I recommend selling 20-30% of your position at this level.Target 2 at $0.03800 and Target 3 at $0.04500 are higher resistance levels that could be reached during a positive trend. I recommend selling 20-30% of your position at each of these levels.Target 4 at $0.05200 is a more ambitious long-term goal, considering a complete reversal of the descending trend. I recommend selling the remaining position at this level.The stop loss is set at $0.01400 to limit risks in case of further decline below the major support level.DON`T FORGET TO BOOST