Bull Run Alert for $GALA/USDT!
Price as of right now: $0.03277
Plan of Trade: Entry Point:
On a verified breakout over $0.03350, or between $0.03250 and $0.03300.
Objectives:
The initial resistance level, or TP 1, is $0.0350. TP 2: $0.0375, the next significant resistance level. TP 3: $0.0400, the extended objective for long-term bullishness.
Stop Loss:
$0.0300 (to reduce downside risk, below recent support).
Market Situation:
The price of $GALA is maintaining its above-key support level of $0.03250, indicating strong bullish momentum. An important upward surge might result from a breakout above $0.03350. For additional evidence of bullish strength, keep an eye out for rising volume and momentum indicators such as the RSI.
Risk management:
For this trade, risk 1% to 2% of your portfolio. To lock in profits, move the stop loss to breakeven after TP 1 is reached.