GALA/USDT – 1H Chart / Bearish Rising Wedge

$GALA is currently forming a Bearish Rising Wedge pattern, indicating potential downside momentum. Key points to consider:

Technical Analysis

- *Bearish Rising Wedge*: A potential breakdown could lead to accelerated bearish momentum.

- *EMA200 Resistance*: The price has rejected from the EMA200, a strong dynamic resistance level.

- *Support Zones*: Key support levels to watch are 0.0158 and 0.0145.

Trading Strategy

- *Monitor Breakdown*: Watch for a potential breakdown below the wedge, which could trigger further selling pressure.

- *Set Targets*: Consider targeting the support zones at 0.0158 and 0.0145 if the breakdown occurs.

Risk Management

- *Stay Cautious*: Be prepared for potential downside movement and adjust your strategy accordingly.

- *DYOR*: Always do your own research and consider multiple perspectives before making trading decisions [6].