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GALAUSDT Perpetual Swap Contract

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GALAUSDT.P trade ideas

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
GalaTesting/tracking elliot wave theory. Please do not trade off idea without S/L. Not financial advice. Gala has dropped -98% from the top. I think the bottom for this coin is in. If the crypto market crash, we may retrest that area again, however, for the most part I'd say the bottom is in. Most coins do not get a -98%. Altcoins would correct -90-95%, -98% or more usually means the project is dead or a ponzi. Gala games has been one of the most promising coins during this bear market. Constantly updating and making new partnerships so we can rule out that this coin is dead or a ponzi. I've added a chart from Coinmarketcap to get the full data on this chart since trading view doesn't have it on any gala charts. The wave count is starting from data I've gotten on CMC. Wave 2 should be in with the -98% drop and we are working on a new impulse wave (3). The top for wave 3 is projected to be around $1.3 We could see this in either 2024 or later in 2028. It all depends on how the crypto market is doing as a whole and if gala games keep delivering. R/R ratio from today's price: 33.4 Potential upside: 2244% Potential downside: -67% this would retest the -98% drop and give us a double bottom. Chart timeframe is on the daily.
by AyoKu