Technical analysis by Arash-RK about Symbol GALA: Buy recommendation (2/1/2025)

Greetings, fellow traders, This analysis presents a brief overview of GALAUSDT's current market position and potential for a long-term trade. While the recent two-day uptrend of GALAUSDT has been influenced by Bitcoin's price fluctuations, the overall outlook remains positive for a long-term, long position. Despite the current dip, Gala demonstrates significant potential for growth. As indicated on the 4-hour chart, the price currently resides at the bottom of the ascending channel, which is a very good point to take a Long position, presenting a strong opportunity for an upward move. I've identified three potential price targets for this long trade: Target 1: $0.03610 Target 2: $0.03950 Target 3: $0.04100 GALAUSDT These targets are based on the current chart. Investors are encouraged to conduct their own due diligence and manage their risk accordingly. Profitable trades to all!Entry zone is above $0.03260