GALAUSDT likely heading towards weekly support around 0.02525

2023년 3월 12일

The price has broken previous weekly support (marked as PWS on the chart). After breaking that support it retested the support a couple of times but got rejected. Now price is trading under that broken support zone is likely to head towards the next daily and weekly support zone (marked as DS+WS1 on the chart).

2023년 3월 13일

주문취소됨

This idea was invalidated for two reasons:
1. The weekly price closed inside the weekly support (PWS) which was broken intra week. Since price closed inside the support, any short idea was no more valid as it was based on premise of the price trading below that region.

2. The momentum of the upward movement combined with BTC movement suggested not to enter the short when the price reached to the entry point marked on the chart.