In the spirit of "buy the rumor sell the news" I expect GALA at some point to get significantly bullish ahead of the May 15th event. What you see here is consolidation at the "mean" (monthly pivot point). As a bullish thesis, one could DCA through the fib pullback of the most recent up move with the expectation to take profits at the last major high (or even higher).
I am in this low leverage with a starting position at 0.4. Will bail under monthly S1.
In full disclosure, "hype following" meme style trades like this are something I've rarely had luck at. DOGE has been my enemy as a technicals trader -- but it's fun to try to mix technicals with news to come up with a plan on how to approach a trade.
I am in this low leverage with a starting position at 0.4. Will bail under monthly S1.
In full disclosure, "hype following" meme style trades like this are something I've rarely had luck at. DOGE has been my enemy as a technicals trader -- but it's fun to try to mix technicals with news to come up with a plan on how to approach a trade.
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❤️ Premium indicator subscription @ Whop includes: Mojo Levels, Manipulation Model, Super Oscillator, VIX Meter, and Volatility Radar
🔗 whop.com/c/upslidedown/t use discount code FRIENDOFUSD for 20% off FOREVER
🔗 whop.com/c/upslidedown/t use discount code FRIENDOFUSD for 20% off FOREVER
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.