GALAUSDT
GALA broke out#GALA/USDT
$GALA broke out descending resistance and long term descending resistance, and price is above support zone.
🐻 price may continue pullback to support zone around $0.039 then start a new rally.
🐮 or it is possible to rise from here as long as price stay above $0.45, also RSI hold above HMA which is a bullish sign.
BE CAREFUL IF YOU ARE HOLDING GALA.Hey guys, here's a quick update on GALA/USD. Please note that I am not sharing any trade setup on GALA. This update is based on T.A and chart patterns.
Timeframe: 6 hours.
Update: GALA is under a head & shoulder pattern which is technically a bearish pattern. It has already broken down below the support level and is currently in the retest zone. There is two main resistance holding GALA to break through- 1) 21 MA Resistance presently at $0.04941. 2) $0.05245 Resistance trendline.
With the recent rally in BTC, there weren't a lot of changes in GALA's price.
Invalidation Point: The only invalidation level for GALA is $0.05245 resistance (previously support). If GALA break through this then the trend will get reverse and GALA will rally high.
Conclusion: If you are holding long on GAL then keep your SL tight and if you are short on GALA then keep an eye on the mentioned resistance level.
Trade safely, guys.
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GALAUSDT Breakout of the wedge can bring your deposit 16%Hello everyone
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Let's move on to new ideas for GALA
On the falling wedge formation chart, the price is approaching the test of the upper border of the pattern, we expect a limited break to the true resistance, the trade is 16%
It is also recommended to pay attention to Bitcoin, if this is a passenger quick squeeze, we advise you to set a take on the car.
GALA HAS POTENTIAL TO PUMP 170%!!Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
Do consider following me for the latest updates and Long /Short calls on almost every exchange.
I post short mid and long-term trade setups too.
Let’s get to the chart!
I have tried my best to bring the best possible outcome in this chart, Do not consider it as financial advice.
BUY GALA/USDT ON THE SPOT
GALA is making this falling wedge pattern
If you average- use below 5x
Entry range:-$0.0434 to $0.04444
Target:-160%
Short Target:- 50%
SL:- If any candle close below the lower support of this wedge pattern
This chart is likely to help you in making better trade decisions if it did consider upvoting this chart.
Would also love to know your charts and views in the comment section.
Thank you
Gala - Bears are at danger!Reasons to take long:
⭐️ BTC bullish
⭐️ Trendline is 38 days old
⭐️ Trendline is clean
⭐️ In the end of local formation
⭐️ Slowly squeezing to the trendline
⭐️ Stoplosses hidden behind pinbar
⭐️ 4th touch
⭐️ 50 ATR
⭐️ Over VWAP
Will enter when price squeezes to the trendline on 5m timeframe, the base will form and the tape will get faster.
If you don't understand the previous sentence, just use swing stop-loss 3-5%
Fix profit by parts:
1% - 1/3
2% - 1/3, stoploss to breakeven
What's left, hold to the maximum
What do you think of this idea? What is your opinion? Share it in the comments📄🖌
If you like the idea, please give it a like. This is the best "Thank you!" for the author 😊
P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones
📊GALA is going to break the trandline! Here is entry point.The big player continue to accumulate GALA and hold it. Such amount of volume at the bottom confirm✅ for us that buyers are continue to buy GALA.
Additionally, after the breakout of the $0.49 local low and key level the volume grow. It`s also mean that the whales collect liquidity for their long positions. A lot of traders place the sl below the KEY level and all of them were trigerred.
This is good for us traders who are patiently waiting for the best entry point and let us opportunity to make good %%%.
📊You have to see this preconditions to open a long:
🔥squeeze to the trendline
🔥local manipulation with sl hunting and liquidity collections. The volume should grow. It shows us the pressence of buyer
🔥BTC bullish sentiment which push the altcoins up
🚩The targets:
$0.59 - key level (+25%)
$0.7 - key level (+50%)
$0.79-0.85 - value area (+63%)
💻Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
GALA/USDT : Right above the last local support BINANCE:GALAUSDT
Hello everyone 😃
Before we start to discuss, I'll be so glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it!
$GALA has formed a local bottom at $0.05 and the local low is at $0.049.
The current structure has some similarities to our recent $ADA's chart on 12H TF which has given us more than %50 profit.
Now if we compare the movements, We can see that If $GAL breaks below $0.049 with a hold, Then you can locate your Short towards $0.03.
📚 Most of our current calls have higher than 2.5R and it's good to trade, But all you need to know is, That as we're trailing stop-losses to entry after 0.5R profit, Then you need to focus on your accuracy; You need at least 52% accuracy and the golden accuracy for our strategy is to hold it above %60!
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Attention: this isn't financial advice we are just trying to help people with their vision.
Have a good day!
@Helical_Trades