GALAUSDT Analysis (2-Hour Frame) and Trade Proposal:
General Trend:
1. Moving Averages (EMA):
EMA 7 (0.01661) is above EMA 25 (0.01646), indicating bullish momentum.
EMA 99 (0.01685) is still above the current price, which means that the overall trend is still bearish, but there is an attempt to break it.
2. Relative Strength Index (RSI):
RSI is at 57.33, which is in the neutral zone, indicating no overbought or oversold conditions.
3. Moving Average Convergence Divergence (MACD):
The DIF and DEA lines are very close to zero, indicating weak momentum, but there may be a bullish crossover soon.
Expected Scenario:
If the price breaks above the EMA 99 level (0.01685) and holds above it, it will be a good buy signal.
If it fails to break and retraces downwards, there may be a correction towards 0.01550 - 0.01580.
Trade Proposal:
✔️ Buy (if it breaks 0.01685 firmly):
Entry: 0.01690
First Target: 0.01750
Second Target: 0.01820
Stop Loss: 0.01640
❌ Sell (if it fails to break and retraces):
Entry: 0.01640
First Target: 0.01580
Second Target: 0.01530
Stop Loss: 0.01690
Note: Monitor the trading volume during the breakout; if it is weak, the breakout may be false.