🎮 GALA Gaming Token Trade Setup 🎮
📉 Analysis:
Token Overview: GALA, a gaming token, has seen strong performance but recently corrected.
Market Context: Anticipate a relief bounce pending stability in BTC, which could affect GALA's movement.
Risk Consideration: This scalp trade is high-risk due to BTC's influence; tight stop-loss is crucial.
📊 Trade Setup:
Entry Point: Consider a long spot trade within the $0.058 - $0.065 support zone, pending BTC stability.
Target: Take profit at $0.07, with the next resistance at $0.08.
Stop Loss: Set a tight stop loss just below $0.056 to manage risk effectively.
📈 Note: Given the speculative nature of the trade and its dependency on BTC's movement, closely monitor market conditions and adjust the strategy accordingly.
Galausdtanalysis
GALA price sets the pace and direction for the "gaming industry"GALA is the "hardest" gaming coin that has now woken up and is showing growth. "The heaviest" because its capitalization is now $2.75 billion and if you look at the GALAUSDT price chart "globally", these are still lows.
Or perhaps it is a signal from "MM" that it has enough capital to back such "difficult" projects and imagine what can happen to the price of gaming projects with a capitalization 10-20 times lower?)
What do you think about this? Write in the comments.
ATH - GALA is still very far away, and the capitalization of the project there can reach $30 billion, which is already a considerable amount.
So for now, let's look at more mundane targets for GALAUSDT.
Right now, buyers have stopped at the level where the last portion of the shorts' stops is probably hidden - $0.09.
Breaking these stops could easily push the GALAUSD price to at least $0.10-0.115.
And then, either hyper-acceleration to $0.24-0.25 or the start of a correction. And frankly, the second option is more to my liking.)
Beautiful Crazy Gala :DHi everyone
Gala needs to stop at this level only if it don't want to lose more of its value (30-60%).
look at this trend line from the top which is 45 angle which can work as a support related to Gann's theory.
Also , It is now on very important trend line ,which I think it is the first good buy area.
But u should take in consideration that Gala can break down this trend line and going to the lower buy areas (Green levels) depending on BTC's Moves.
So, if I have 1000$ , I will buy 33% here and the rest on those green levels if we reached them.
Good luck.
Disclaimer: This article is for informational purposes only and not financial advice. Conduct thorough research and consult with professionals before making investment decisions.
Good luck.
GALA: sel in orderblock📊Analysis by AhmadArz:
🔍Entry: 0.0459
🛑Stop Loss: 0.0479
🎯Take Profit: 0.0437-0.0419-0.0402-0.0384
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GALA/USDT Could GALA bounce from here and Break the resistance ?💎 GALA has recently witnessed noteworthy developments in the market. Currently positioned in the demand zone, a positive indication would be a daily close candle with a bullish rejection, signifying the potential for a price rebound and sustained momentum.
💎 The subsequent target lies in the resistance area, and for GALA to sustain its upward trajectory, breaking out of this level is crucial, probability facilitating an easy path towards our targeted strong resistance area.
💎 However, if GALA fails to exhibit a bullish candle rejection, there's a likelihood of retracement to the demand zone. It becomes imperative for GALA to maintain this area, as a breach would prompt a shift back to a bearish sentiment, leading GALA into a downward movement towards the robust support area.
GALA/USDT It required GALA break out this area or continue down!💎 GALA's recent market trends have been particularly dynamic. Presently, GALA is exhibiting a rebound from the demand zone, navigating its way back toward a key resistance level that it previously breached.
💎 For GALA to sustain its upward momentum, it is critical for it to break through this resistance barrier. Achieving this breakout could see GALA advancing toward the projected strong resistance area, signifying a bullish progression.
💎 Conversely, if GALA struggles to overcome this resistance level or fails to reclaim its position above it, the likelihood of it reverting to the demand zone increases. In this scenario, GALA may need to gather additional momentum for another attempt at an upward trajectory.
💎 The demand zone's significance cannot be overstated in this context. Should GALA fail to hold its ground in this zone, or if it breaks below it, a bearish shift in the market trend may be triggered. Under these circumstances, GALA's path could lead to a further descent, targeting the next critical support area.
GALA is pressing for a break. 0.06 next?Like most Altcoins, BINANCE:GALAUSDT also broke above a falling wedge's resistance in Oct-Nov of last year.
It experienced an initial leg up, followed by roughly a 300% increase, and then underwent a normal correction afterward.
The price halted its decline from the recent high at the 61% Fibonacci level and has begun to rise again, possibly indicating the end of the correction phase.
Currently, the price is encountering local resistance, and in the event of a breakout, we can anticipate continuation.
This rise could lead to an increase to around 0.06, a crucial resistance level.
Despite my reservations about the project's tokenomics, I am technically bullish and will allocate a very small portion of my portfolio to this trade.
Volume Profile and Trend-Based Fibonacci Extension AnalysisVolume Profile and Trend-Based Fibonacci Extension Analysis
Summary:
This trade proposal utilizes Volume Profile analysis combined with Trend-Based Fibonacci Extension to identify potential trading opportunities. By examining volume distribution and key Fibonacci extension levels, we aim to pinpoint potential areas of interest for entering or exiting trades.
Technical Analysis:
Volume Profile Analysis: Utilizing Volume Profile analysis, we can identify significant price levels based on the volume traded at each price level. This allows us to discern areas of high and low liquidity, which can provide valuable insights into potential support and resistance zones.
Trend-Based Fibonacci Extension: Applying Fibonacci Extension levels to the prevailing trend allows us to project potential price targets beyond the initial impulse move. By anchoring the Fibonacci levels to key swing points in the trend, we can identify potential areas where price may encounter resistance or support as it extends in the direction of the trend.
Interpretation:
By combining Volume Profile analysis with Trend-Based Fibonacci Extension, we can identify confluence zones where both techniques suggest potential areas of interest. These confluence zones may serve as strong levels of support or resistance, providing favorable entry or exit points for trades.
Trade Plan:
Entry: Look for opportunities to enter trades near confluence zones where Volume Profile levels align with Fibonacci Extension levels. This could involve entering long positions near confluence zones acting as support or short positions near confluence zones acting as resistance.
Stop-Loss: Place stop-loss orders below support levels in long trades and above resistance levels in short trades to manage risk effectively.
Take-Profit Target: Set take-profit targets based on the projected extension levels provided by the Fibonacci Extension tool. Additionally, consider taking partial profits at key Fibonacci levels or when price encounters significant volume nodes.
Risk Management:
Implement proper risk management techniques by sizing positions appropriately and adhering to predetermined risk-reward ratios. Monitor trades closely and be prepared to adjust positions as market conditions evolve.
Disclaimer:
Trading involves inherent risks, and there is no guarantee of profits. Conduct thorough analysis and consider all factors before executing trades. Utilize stop-loss orders and risk management strategies to mitigate potential losses.
Of course, the targets are higher(GALA)📊Analysis by AhmadArz:
If you like, you can leave the targets open and move further according to your analysis.
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💡Join us on TradingView and expand your investment knowledge with our five years of experience in financial markets."
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GALA/USDT bullish momentum from support?👀🚀GALA Today Analysis💎 Paradisers, turn your attention to #GALAUSDT, where current market signals are pointing towards a bullish potential from its support zone.
💎 #GALA recently encountered resistance at the $0.03515 level, leading to a downward trend. However, if it can sustain momentum above its crucial support level at $0.02253, there's a promising chance for an upward movement to tackle the next major resistance zone.
💎 Given the crypto market's ever-changing landscape, having a flexible and agile strategy is key. If #GALA faces challenges in maintaining its ground at this pivotal support level, considering an alternative approach may be necessary.
💎 In such circumstances, our Plan B would be activated, aiming for a bullish trajectory from a lower but strategic support level at $0.01986. Monitoring this level is critical, as its breach might signal a shift towards a bearish trend in the #GALA market story.
Best zone for sell (GALA)❤️❤️Thanks for boosting 🚀 and supporting us!
📈I not strong break resistance with big body candle , best zone for sell.
📊 (-sell) : 0.0328
🔴 Stop Loss : 0.03622
🎯 Take Profit : 0.0262 - 0.0182
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👨🎓 Experience and Education: Our trading team has five years of experience in financial markets, especially cryptocurrencies.
#GALA/USDT#GALA
The price is trading in a large descending triangle, and the price has been affected by news on the pair in recent months.
With a strong support area, my price is 0.01300.
The price has rebounded from it, breaching the downtrend from which the price has always rebounded more than once.
The price is currently 0.01800. I expect it to continue rising to 0.04700 levels
to achieve those levels.
All this is backed by a powerful volume.
GALA/USDT It required break the resistance or rejected down ??💎 GALA has become a notable focus in the market, though it's facing challenges in surpassing the resistance area. Historical patterns show that each time GALA approaches this resistance, it faces significant rejections.
💎 If GALA manages to break through this resistance, there's a high probability of a substantial upward movement, aiming for our next targeted milestone.
💎 However, if GALA fails to breach this resistance and instead consolidates at the supply level, there's a risk of it facing another rejection and retreating towards the bullish support trendline. This trendline is pivotal; a loss here could send GALA down to the demand area.
💎 In the demand area, it's crucial for GALA to demonstrate a strong bounce back and attempt another breakout of the resistance. A lack of positive response in this zone could lead GALA to break down further, potentially descending towards a key support area.
GALAUSDT UpdateIn my previous post about BINANCE:GALAUSDT , I predicted a 30% pump. I have attached that post here.
However, you can see that the price has reacted to the resistance and has not yet been able to break through it. However, GALA is still bullish for me, and there are two scenarios that could happen in this situation. This currency is waiting for the next move of BINANCE:BTCUSDT and will start its next move with Bitcoin, which can be bullish or bearish. Or, the next upward move will begin from the points I marked on the chart. Please note that there have not been such upward movements in the crypto market for several years, and many people think this is the end of the bullish market. However, anything is possible in a volatile market.
GALA LONG SIGNSL H1Hello dear traders
In the Gala currency, we can enter a long position in the 1-hour time frame on the specified area
Loss limit, profit limit and entry point are specified for you in the form of a position
It should be noted that in the above time frames, this currency is suspicious of the downward WYKOF theory and we must be careful about this movement.
Thank you for following me.
GALA target 0.274h time frame
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GALA finished the 1st pumping wave(0.0125 ~ 0.022), and start retesting the demand zone. The demand zone is also on the same level of 0.382 Fibonacci Retracement. Further, MANA which is the GameFi field as GALA is going up to structural supply zone, so we can set up a trading plan that target is benchmarking to MANA.
TP: 0.025~0.028
SL: 0.0168