GALAUSDT Daily Range| Price Action| Trend| Volume
Evening Traders,
Today’s analysis – GALAUSDT – trading in a high timeframe range where a rotation to the range mid is probable,
Points to consider,
- Price Action Impulsive
- Bullish OB Support
(Range –Mid Confluence)
- Daily S/R Objective
- Low Volume
GALAUSDT immediate price action is impulsive where a correction to the range-mid will allow for a long entry.
The Bullish OB Support is in confluence with the Range-Mid S/R, a retest of this level is like to be respected.
The current volume profile is below average, an influx is highly imminent when testing a key trade location.
The overall objective is the Daily S/R, exceeding that level will lead to a trend continuation.
Overall, in my opinion, GALA is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps
Thank you for following my work
And remember,
“Ultimately, consistent profitability comes down to choosing between the discomforts you feel when you follow your plan and the urge to let yourself be captures ( and ruled) by your emotions.”
― Yvan Byeajee
Today’s analysis – GALAUSDT – trading in a high timeframe range where a rotation to the range mid is probable,
Points to consider,
- Price Action Impulsive
- Bullish OB Support
(Range –Mid Confluence)
- Daily S/R Objective
- Low Volume
GALAUSDT immediate price action is impulsive where a correction to the range-mid will allow for a long entry.
The Bullish OB Support is in confluence with the Range-Mid S/R, a retest of this level is like to be respected.
The current volume profile is below average, an influx is highly imminent when testing a key trade location.
The overall objective is the Daily S/R, exceeding that level will lead to a trend continuation.
Overall, in my opinion, GALA is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps
Thank you for following my work
And remember,
“Ultimately, consistent profitability comes down to choosing between the discomforts you feel when you follow your plan and the urge to let yourself be captures ( and ruled) by your emotions.”
― Yvan Byeajee