GAL POSSIBLE SHORT ENTRY!!!📉⏳
BINANCE:GALUSDTPERP
GAL has been moving upwards strongly for the past few days perhaps its time for it to take the fall!📉
On the 4HR chart is a hidden bearish RSI divergence which peaked on 20th July at the 3.4439 price mark forming what appears to be a equal low liquidity zone on the 2.9109 price mark. This zone ought to be mitigated if the market continues in a smooth direction.
A change of character has already been formed as seen on the chart and I am keen that price will be drawn to the immediate POI around the 3.5043 price range before continuing the downtrend, I have also kept my trade exit below 2% loss incase I'm wrong about this analysis. Trade with caution!!!
-Joel
Please like and follow to get more ideas/tutorials like this, I'd also love to know what you think about my idea😃.
GAL has been moving upwards strongly for the past few days perhaps its time for it to take the fall!📉
On the 4HR chart is a hidden bearish RSI divergence which peaked on 20th July at the 3.4439 price mark forming what appears to be a equal low liquidity zone on the 2.9109 price mark. This zone ought to be mitigated if the market continues in a smooth direction.
A change of character has already been formed as seen on the chart and I am keen that price will be drawn to the immediate POI around the 3.5043 price range before continuing the downtrend, I have also kept my trade exit below 2% loss incase I'm wrong about this analysis. Trade with caution!!!
-Joel
Please like and follow to get more ideas/tutorials like this, I'd also love to know what you think about my idea😃.
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