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.
GALAUSDT.P trade ideas
🎮💹 GALA Trading Strategy - Spot Trades and Laddering! 🚀📊🔍 Strategy Overview:
Condition: Price bounced from the $0.035 - $0.0385 support area.
Entry Criteria: Ladder into the trade within the support zone.
Targets: Aim for the next resistance levels at $0.043 - $0.045 or $0.049 - $0.051.
Risk Management: Set stop-loss just below $0.035.
📢 Analysis: Considering BTC's overbought conditions, a cautious approach with spot trades and laddering can help manage risks effectively. Stay vigilant and adapt to market dynamics. 🌐🚀 #GALA #CryptoTrading #RiskManagement 💰📈
How long does the bull market last?📊 According to the buying pressure in the market and the upward movement of the price, if the range of 0.0430 units is broken and the price stabilizes above it, the price may increase to the range of 0.0550🎯 , and in the case of the strength of the range of 0.0850 🎯🎯units.
📊 Otherwise, the price may fall to the range of 0.0300 units.
GALA where is it heading to🤔?Gala is currently undergoing a reversal after forming a head and shoulders pattern. It is possible that this could be a retracement or a trap to entice traders to go long, only to ultimately decline. Nonetheless, I am maintaining a long position on Gala due to a favorable risk-reward ratio.
GALAUSDT 1WI'm bullish on #GALA again. The price is challenging the Horizontal line + Ichimoku cloud and Descending line on weekly chart, which is big timeframe. It is already broke the MA50 and moving above it. That is bullish sign for me. My targets are:
$0.03974
$0.04801
$0.05629
$0.06808
$0.08309
GALA 🔥 #Head&Shoulder #sell Based on the formation of a head and shoulders pattern, it seems probable that Gala will experience a decline in value. As a result, I intend to initiate a short position on this asset, as it appears increasingly likely that a downward movement will occur in the near future.
Elliott Wave on GALAUSDT! A Clear Roadmap for every trader...Greetings trader and investors around the globe
The GALAUSDT price chart indicates a five-wave rally from August to November 2021, followed by a 98.53% crash in approximately 700 trading days.
Since the October 2023 low, there's been a five-wave rally and a three-wave decline, suggesting a potential end to the decline. A break above 0.3505 could confirm this and indicate an upcoming upward trend.
If correct, a significant price increase may occur, with a minimum target around 1.097, aligning with wave A equality at C .
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🚨#GALA/USDT Long#GALA
The price is moving in a descending channel on the 12-hour frame
Now it is about to break that channel upward after testing the downtrend of the channel
We have buying momentum on the MACD indicator
Entry price is 0.02287
The first target is 0.02424
The second goal is 0.02689
The third goal is 0.02965