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Technical analysis by heywippa about Symbol GALA: Buy recommendation (1/19/2025)

https://sahmeto.com/message/3176555
heywippa
heywippa
Rank: 6233
1.6
Buy،Technical،heywippa

I had the day off yesterday and missed the downward movement, which, in hindsight, was fairly predictable. There was a noticeable bearish CVD (Cumulative Volume Delta) divergence forming as early as yesterday morning, signaling a potential correction. Despite that, it wasn’t anything too serious. As you can see, price broke out of the diagonal resistance and has since come back to back-test it as support. We’ve successfully held that level as support—definitely a positive sign. Looking ahead, my next target upward is $0.04586, as we continue to work through resistance levels step by step. Key Levels: Support: Holding the back-tested diagonal resistance as support is critical for maintaining bullish momentum. Resistance: Watching for the next significant hurdle at $0.04586, which aligns with the next resistance zone. This progression suggests that Gala is in a healthy consolidation and recovery phase, provided the support levels hold. Keep an eye on volume and market reactions as we approach the $0.04586 target.Sorry guys price broke down this is not ideal.

Translated from: English
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Signal Type: Buy
Time Frame:
4 hours
Profit Target:
$0.04586
First Support:
$0.0385
First Resistance:
$0.04586
Price at Publish Time:
$0.03844
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