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GALA / TetherUS PERPETUAL CONTRACT

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GALAUSDT.P trade ideas

GALA Bearish TriangleThe instrument, after a recent pump, was poured into the volumes of buyers, which are now declining, thereby moving into accumulation (balance). In the trading range, the price approached its local lows, accompanied by declining loyalties. There was an approach to a downward slope, but there was no sharp reaction from the buyer during the long period, which may indicate its absence or weakness. Now the price is forming a trade in the support zone of the round number 0.46$ I expect the continuation of the local short with activity in the glass
Short
by CScalp_EN
1
GALAUSDT is ready for the breakout?The current price of GALAUSDT is testing a dynamic resistance level in the $0.05 area where the market also has a static daily resistance level. Additionally, the price is creating an inverse head and shoulders pattern, which is a technical chart pattern that may indicate a potential trend reversal from a downtrend to an uptrend. An inverse head and shoulders pattern consists of three distinct troughs or valleys with the middle trough being the lowest, forming the "head," and the two outer troughs forming the "shoulders." The middle trough or the "head" is typically lower than the shoulders, and the pattern is completed when the price breaks above the "neckline," which is a trend line drawn connecting the high points between the shoulders. If the price of GALAUSDT is able to break out from the neckline of the inverse head and shoulders pattern and the market satisfies Plancton’s rules, it may be a signal for a long position. To satisfy Plancton’s rules, a trader may have a predetermined entry price, set stop loss and take profit levels to manage risk and maximize profits, and monitor the price action for any signs of a trend reversal or invalidation of the initial analysis. ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ black structure -> <= 1h structure. ––––– Follow the Shrimp 🦐
by InkyGrip
13
GALA triangle pattern and more range 📖💡🚀Hello 🐋 Based on the chart, the price is in the parallel channel and close to the channel support area, and triangle pattern ✔️ if the price doesn't break the support zone to the downside, we will see more gain 💣🚀 otherwise we can see more correction to lower support level ❌🧨 if breakout of the upper resistance zone be completed, we can see more pump to the upside ✔️🚀 👌 Notice: pay attention to the price on shortcut chart (located below the main chart with black colour) 📖💡 Please, feel free to share your point of view, write it in the comments below, thanks 🐋
Long
by MadWhale
2
🔥 GALA Bounce Trade: High Probability SetupGALA has seen massive gains earlier this year. However, since GALA stopped going parabolic it has been trading largely within a well-defined range. As of now, GALA has successfully bounced from the 0.42 - 0.44 support area. This, combined with the 4H RSI being oversold gives us a high probability setup for a reversal. I'm looking at the blue lines for potential profit targets.GALA has seen massive gains earlier this year. However, since GALA stopped going parabolic it has been trading largely within a well-defined range. As of now, GALA has successfully bounced from the 0.42 - 0.44 support area. This, combined with the 4H RSI being oversold gives us a high probability setup for a reversal. I'm looking at the blue lines for potential profit targets.
Long
by FieryTrading
6