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GALA / TetherUS

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GALAUSDT trade ideas

GALA READY TO 2X?I took a look at this chart on my chartapalooza stream yesterday afternoon, and it was by far the most striking setup that I saw. The weekly chart shows an incredible test and hold of support at .06293. As you can see, this was a major swing high at the beginning of 2023, which was never recaptured until a few weeks ago. What strikes me is the huge increase on volume and the candle spread on the breakout a few weeks ago, and then the incredible hold of support for the next two candles. As you can see, a blue candle closed right on support, then we had a perfect dragonfly doji wick low below support but close EXACTLY at the same price where it opened a week before. This is a major reversal signal. This week’s candle has started right at support and is heading up. The target for me is the next level around .153, if not higher. More than 2x from here.
Long
by ScottMelker
GALA - Gaming Narrative Resurfacing?We added to our INDEX:GALA position last night at $0.062. Gala has a very similar setup to CRYPTOCAP:IMX and some other gaming related tokens. Therefore, can we predict the gaming narrative is about get hot again? Here is what could make GALA pump based on the charts. -Weekly Dragonfly Reversal Doji -0.5 Fib level held -RSI seemingly flipped old resistance into new support A break of the high would lead us to a predictive level of $0.11 followed by the psychological $0.15 level.
by VIAQUANT
🎮 GALA: Riding the Bullish Wave! 🚀🎲📈 Market Analysis: GALA has experienced significant bullish momentum in recent days, indicating robust market demand and positive sentiment. The current market pullback presents a potential opportunity for a spot-long trade, leveraging support levels for entry. 🔄 Trade Plan: Entry: Consider entry in the support zone of $0.058 - $0.065, aligning with bullish momentum and market dynamics. Upside Target: Target areas of resistance at $0.08 - $0.09 or $0.14 - $0.16, reflecting potential breakout opportunities. Risk Management: Implement a tight stop-loss strategy just below $0.057 to manage downside risk effectively. 🎮 Strategy: Monitor market dynamics, including gaming sector trends and broader market sentiment, for insights into GALA's performance. Stay updated on GALA's developments, partnerships, and product launches to gauge future growth prospects. Adjust trade plan based on real-time market data, technical analysis, and risk assessment to optimize trading outcomes.
Long
by Richtv_official
GALA/USDT possible planBINANCE:GALAUSDT might move higher to 0.07 Cents, if BTC might try to move higher to 25K. There are some indications that alts will be recovering from 90-98% price drop, but BTC has a gap on futures at CME between 19700 and 20500 which could be filled by dropping price down. There is another gap between 9600 and 10K. Price of BTC dropped since last ATH only 77% please have this in mind. Daily RSI indicating market overbought. So expect in short term correction of the price to 20K. GALA price is ready go higher, at the same time be careful with BTC movement. GALA has crossed 200 MA line, and I expect it to retest it. Not a financial advice.
by Adilforgood
4
Keep an eye on this level!It's time to keep a close watch on GALA, which is gearing up for a big move! If you're looking to trade GALA at the moment, here's a quick setup that you might find helpful! The idea is: Buy when the price breaks above 0.05955$ and take profits at the levels shown in the chart. Targets: 1. 0.062$ 2. 0.0655$ 3. 0.068$ ------------------------------------------- About our trades: Our success rate is notably high, with 10 out of 11 posted trade setups achieving at least their first target upon a breakout price breach (The most on TW!). Our TradingView page serves as a testament to this claim, and we invite you to verify it!
Long
by MBM_Crypto
5
🌟 Gala's Cryptic Dance: Unveiling Hidden Paths! 🌀🎮 Gala, the gaming-focused blockchain platform, faces resistance at 7 cents, prompting a reassessment of its near-term outlook. 🛑 This analysis explores potential support and bounce levels on the 4-hour timeframe, guiding traders through key price dynamics. Introduction: Gala's recent rejection at 7 cents signals a temporary pause in its upward momentum. 📉 Traders are now eyeing crucial support and bounce levels to navigate Gala's price action effectively. Resistance at 7 Cents: The rejection at 7 cents suggests strong selling pressure, hindering Gala's ascent. 📉 Sellers aiming to secure profits or establish short positions likely contributed to this pullback. Support Target at 0.04956: Attention shifts to a critical support target at 0.04956, where buying interest may converge. 🎯 Gala must find support at this level to resume its upward trajectory effectively. Potential Bounce at 0.05920: Traders should monitor the possibility of a bounce at 0.05920, offering a temporary support zone. ⏫ A bounce here could reignite bullish momentum, setting the stage for a retest of resistance levels. Conclusion: Gala's price movements hinge on navigating key support and resistance levels effectively. 🔄 With a support target at 0.04956 and a potential bounce at 0.05920, traders can strategically plan their entries and exits amidst changing market conditions. 📈 By remaining adaptable and responsive, traders can seize opportunities in Gala's dynamic price action. 🚀
by Shibunacci
Still on the run?GALA rise with a double bottom set up. I was looking for signs for possible continuation so let's keep it simple Currently sitting at the neckline of that weekly double bottom which is currently acting as a pretty good support On the 4 hours TF we can see it printing a bullish flag so that break it's going to be pretty interesting. The weekly close is looking good giving if it holds above that 0.05463 region so what are your thoughts on this lemme know in the comments below Stay safe
by Lancerlawrence