$GALA
๐งจ $GALA/USDT โ 1H Trendline Squeeze ๐ต๏ธโโ๏ธ
๐ฐ Price: 0.0202
โฐ Timeframe: 1H
๐ Setup: Pressing against multi-touch downtrend resistance
โ๏ธ Signal Type: Breakout watch
๐ Trend Context:
๐ป GALA has respected a strong descending trendline since April
โณ Currently consolidating just below the line
๐ฃ Volatility is compressing โ breakout imminent
๐งช Volume building = potential pressure release soon
๐ข Bullish Breakout Plan:
โ
Entry Zone: 0.0203 โ 0.0206 (trendline break + 1H close)
๐ Look for breakout candle with volume confirmation
๐ฏ Targets:
๐ฏ TP1: 0.0215
๐ฏ TP2: 0.0226
๐ฏ TP3: 0.0242
๐ก๏ธ Stop-Loss:
๐ Below 0.0192 (rejection & failure)
โ๏ธ Risk:Reward Estimate:
๐ฏ Entry: 0.0204 โ TP2: 0.0226 โ R:R โ 2.0:1
๐ป Bearish Rejection:
โ If price fails to break above trendline & volume dries up โ short on rejection
๐ฏ Downside target: 0.0185