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GALA / TetherUS

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GALAUSDT trade ideas

GALAUSDT is inside the descending channelGALAUSDT has recently experienced a breakout from its weekly resistance level in the 0.05$ area. However, the market has since formed a descending channel, indicating that the price is currently experiencing a downward trend. The descending channel is characterized by a series of lower highs and lower lows, with the price bouncing between two parallel trendlines. The upper trendline acts as a resistance level, while the lower trendline acts as a support level. As the price approaches the support level at the 0.04$ area, traders will be watching closely to see if it breaks through or bounces back up. As per Plancton's Rules, traders will be waiting for a breakout from the descending channel and static resistance level before considering a new long position in GALAUSDT. ––––– Follow the Shrimp 🦐 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
21
Gala Short to 0.02675On this fibonacci analysis it shows the bears might be heading towards the 236 fibonacci retracement down at 0.02675 area. If we find support there would be a great place to build longs. Today there was a sell signal and I dont believe we recover before we hit some bigger support on much lower number. I wont be buying until my target gets hit or I see a convincing buy signal. Next possible support above 2675 is 3200, which might give us a temporary bottom. I'd like to be ready with a short from higher so I can withstand that.
Short
by TheChartWhisperer
GALA USDT - Just an idea* its just an idea and not a pro advice * I believe to Gala potential but note sure about the exact time and price, Gala can touch Fib 0.786 soon if the price do not cross from the 2H support line (Current 0.051) after the previous Pump. If Gala pass the mentioned support and RSI break down the trend line, we could expect the Price comes to 0.0402 (Fib 0.236) and by touching the MA 200 daily, go for 0.382, 0.5 and finally 0.786 Fib. I will appreciate you to share your opinion BINANCE:GALAUSDT
Long
by INSECTMAN
6
Gala Games, Plenty of upside potential - LongGala seems to be trading within a flag setup. At all different hourly intervals, it looks oversold. Many other fundamentals look good; Volume is even picking up a bit. Support areas are strong and $Gala regularly makes big moves off support areas in short time periods. A look at the list of 'whales' shows little activity from them, if any, in relation to trading Gala; many received their coins when Gala was priced higher. Consolidation has been going on for a bit after the last push above six cents. IMO, it's a steal at these prices and something to hold onto for years. Gala Games has plenty of upside potential. They recently acquired Ember Entertainment and will begin onboarding Ember Entertainment mobile users to Web3. Ember Entertainment has several mobile games, which only add to Gala Games' already attractive portfolio. Gala plans to be the platform for web3 gaming; they understand mobile gaming is extremely important. They're making good moves, continuing to build, merge, etc. *Important* - Cointelegraph headline - Gamers made up nearly half of all blockchain technology in January. Mobile gaming is almost $140B/year industry up $30B from last year (2022). Gaming on web3 will be huge, who doesn't want to take in-game purchases after they're done with a game and trade or sell them? *This is not financial advice. Added TPs and a stop loss just in case. IF ETH & BTC drop significantly, Gala will, too.
Long
by ItaintJG
1