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: $0.03610Target 2: $0.03950Target 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