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GALA / TetherUS PERPETUAL CONTRACT

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GALAUSDT.P trade ideas

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
🔥 GALA In A Huge Triangle: Another Bounce!In my most recent GALA post I talked about the massive triangle that GALA is currently trading in. My expectation was that we'd go down to retest the bottom support and reversed from there. In my view, we're likely to see a bounce towards the top resistance. If BTC will stay bullish/neutral, we might see a break out of the triangle pattern. Will come back to this analysis if that's the case. For now, the top resistance is the target.
Long
by FieryTrading
9