Galxe (GAL): Will we see a rebound to $5.85?

Looking on GALUSDT , we are currently witnessing an interesting scenario. Following a prolonged accumulation phase within a specific trading range, there was a significant sell-off that led to a breakout downwards, entering what is often referred to as the "Manipulation Area" and specifically into Wave (4), just below the 50% retracement level.
The most significant volume node, where the bulk of trading has occurred, is around $3.35.

This is precisely where we have positioned our entry. Although our last attempt to re-enter the old range was unsuccessful, we are optimistic about re-entering the range this time and at least reaching the upper end of the range.

Ideally, we would surpass the range high to fully complete Wave (5), aiming to revisit the previous high of $5.85 from Wave (3). This setup could potentially offer us an appealing swing trade opportunity,

Zlecenie aktywne:

✅ Tp1 hit, seems like we have caught ourself a big project here. A lot of strenght on the chart but, as always, a correction is always healthy so don't expect this coin to surge higher without any correction. We have moved our stop loss to break even. Let's see where we are going to go with this one.