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GALA / TetherUS PERPETUAL CONTRACT

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GALAUSDT.P trade ideas

GALAUSDTHello again, Mars Signals team wishes you high profits. This is a one-day-time frame analysis for GALAUSDT Clearly, R2 is a resistance area in the current chart with its presentation of the disability of the price to rise at several points. R1 used to be a long-term support area. S1 used to be a resistance line. And S2 is a support area at the bottom that contains the support of price at different points. According to the past behavior of price, it could have a noticeable rise after being in a fluctuation at its lowest amount and by reaching R2, it face another rejection down to S2. Then by receiving the support there, the price was capable of having a great rise and could break S1 upward. At the present, the price has a fluctuation below R1 and we predict it to experience more rise up to R1 and after a pull back, another increase is waiting for it toward R2. We must wait for some confirmation candles to rise and an increase would be there for the price to reach higher amounts. It is even possible that the price loses the support at any points or even falls below S1 and via giving us some falling signs, more decline will definitely be waiting for the price toward lower amounts. S2 is believed a perfect point for putting trade orders but we should wait for the price to move toward it and then in our future updates, we will provide specific details for you. It is highly recommended to be cautious about various points and details and remember that for enjoying less risky trades. You can obtain every piece of information and details through our analyses and updates. Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions. Wish you luck
Short
by MarsSignals
2
Galausdt Buy opportunityGALAUSDT completed 5 wave legs from its ATH of $0.8412 and has undergone a significant correction after reaching its ATH, but the price reached an important bottom at $0.0154, which could be the end of the correction and the beginning of a new uptrend. The price responded well to the bottom, showing an immediate bounce. This bounce crossed above the trendline that determines the trend, signaling a potential reversal. As shown on the chart, the price is currently accumulating above the trendline in the form of bullish flag, which is potential bullish continuation pattern. We recommend accumulating GALAUSDT from this zone given on the chart, which has historically acted as support and resistance in the past. We recommend placing a stop loss below the trendline to limit potential losses in case of a sudden drop in price. The stop loss level is also shown on the chart for reference. Our targets for GALAUSDT are shown on the chart, we should use proper risk management and evaluate the market conditions before making any trading decisions. Thank you for reading, and we appreciate your engagement on this post. Please note that this analysis is not financial advice, and you should always perform your own research and risk assessment before entering any trade.
Long
by weslad
12
Galausdt Double Breakout Galausdt Galausdt has been showing a symmetrical triangle pattern on the 4-hour time-frame, and the breakout of this pattern has been confirmed. This breakout can be seen as a bullish signal, indicating that the price may continue to rise in the short term. Moreover, there is another symmetrical pattern forming on a higher time-frame, which may be indicative of a potential bullish move. If this pattern also breaks out, it could potentially trigger a 30-50% increase in the price of Galausdt. However, as with any trading idea, there are no guarantees, and it's important to keep an eye on the price action and volume before making any trading decisions. It's also important to have a clear plan for risk management in case the market moves against the expected direction.
Long
by Crypto-By-Ghazi