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GALA / TetherUS

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GALAUSDT trade ideas

We are in the Fat Candle Support zoneUsing the new volume candles from TradingView which are absolutely amazing. We can state some simple facts. We are currently in a zone where previously, fat candles have formed at this zone. I am expecting another fat candle, hopefully to the upside out of this zone. HOWEVER! I will play to the downside as well. This is a tightening range, and a breakout is coming, but it could very well be to the downside. Use stops! we've seen several breakouts fail recently as well, so move those stops up and lock in profit if you can when we get a move.
Long
by VaulTradeous
GALA Short Positron Playing Out NowYou should be able to find entry and it could get back up close to entry.... Either way this is my plan and it a great risk to reward. Used multi time frames to determine possible take profits at the blue lines but I believe in a day or two this will complete. It hit a big supply zone and needs to find demand. Like always just my idea based on what I am seeing on the charts, I have been in this trade since much earlier but there is still plenty if room for profits. Just use your strategy to find a good entry point. This is not necessarily a reversal just a pullback so take profits... This is not financial advise just a trade I see as being very profitable as is already. Patience is key This is rushed so my apologies.
Short
by Z3R0-G3N3S1S
GALAUSDT 1D analysis.Hello, friends! This is ESS team. LOOK this chart that we expect some. After a BIG rise, GALA is making a berish extended wave. The BLUE 5D uptrend line is where GALA needs to be supported in order to rise. If this trend line is supported, and rise up, and then, If the upper end of the extended wave is also retested after the breaking upward, the GALA will fly once again. Unfortunately, If the blue uptrend line is retested after breaking through due to the strong sell-power, it could drop to the bottom of the extended wave.
by ESS_piglet
GALA/USDT is the possible the price bouncing and back to upward!💎 The recent market dynamics surrounding #GALA have indeed been quite notable. Currently, the price is bouncing from the demand area, which is a positive indication. 💎 This bounce suggests potential upward momentum, with the price likely to test the resistance area next. If there is a successful breakout above the resistance, it could pave the way for further upward movement, potentially leading to a backtest of the strong resistance area. 💎 However, if GALA fails to bounce from the demand area and instead breaks down below it, this could signal a bearish scenario. Such a move could lead to continued downward momentum, with the next significant support level likely found at the support area. 💎 GALA must maintain support and reclaim the area above the demand to validate the bullish scenario. Failure to do so, especially if the support area is also breached, could confirm a bearish trend, potentially leading to further downward movement. MyCryptoParadise iFeel the success🌴
by MyCryptoParadise