GALAUSDT trade ideas
GALA SHORTI'm short on Gala as it has rejected a major zone twice on the 15-minute timeframe, and I expect the price to decline.
GALA USD LONG IDEAGALA price has been forming a triangle pattern for a long time now and the price breaks the upper boundary of the triangle the impulsive upward growth has started although the retest is yet to happen.
The main zone where the price can reach is the range of $0.0250 - $0.0265.
PEACE.
GALA price is lurking to surprise us?)Those who hold #GALA can only wait for the "heavier" coins to start growing as well.
Those who want to buy OKX:GALAUSDT should wait for a breakout and consolidation above the trend line.
✔️ It should have grown to at least $0.34
😱 But holders' dreams are at least $1-1.10 (a nostalgic memory, because it was from this range that the x10 price pumps of #GALAUSD began in 2021 ;)
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GALA-LALALALALAResistance is getting sledgehammered repeatedly on the daily, and will break eventually.
Diagonal trendline on the daily puts this in a downtrend for a while.
Break both and this rips.
GLHF.
I've longed.
Is This the Start of a Major Rally for GALA/USDT?
Technical Analysis:
1. Double Bottom Formation and Reversal Signal:
GALA/USDT has formed a double bottom pattern around the $0.01540 level, indicating a strong support zone and a potential reversal from the previous downtrend. This pattern is a classic bullish reversal signal, showing that buyers have stepped in at this level twice to stop the decline.
2. Key Levels and Confirmation Points:
To add further confirmation to the bullish reversal, the price needs to break and hold above the $0.02225 level. This breakout would indicate a stronger shift in market structure, increasing the likelihood of a sustained bullish trend.
The next key resistance level to watch after $0.02225 is $0.03440 . A break above this level would further solidify the bullish reversal, potentially leading to a more significant rally.
A crucial level beyond this is $0.06000 . If the price can overcome this resistance, it could trigger a more extended rally, aligning with the long-term reversal scenario.
3. Potential Upside Targets:
The initial upside target following a confirmed breakout is around $0.03440 . Successfully breaking through this level would suggest that the bullish trend is gaining strength.
A projected extension target based on the double bottom formation is set at $0.0750 , representing an impressive 280% potential upside from the current price levels.
4. Change of Character (ChoCH) and Market Structure:
The Change of Character (ChoCH) marker on the chart indicates a shift in the market structure, providing an early signal that the downtrend may be ending. This aligns with the potential bullish breakout and double bottom formation, adding further weight to the bullish outlook.
The price needs to continue holding above key support levels and break through resistance, particularly the $0.02225 level, to maintain this change in character and sustain the upward momentum.
5. Risk Management and Entry Strategy:
Given the current setup, it’s crucial to manage risk by setting a stop-loss below the support at $0.01356 . This would protect against a potential false breakout and a return to the downtrend.
Traders may consider entering on a confirmed breakout above the $0.02225 level or on pullbacks towards this level for additional confirmation of the bullish trend.
6. Conclusion:
GALA/USDT is showing strong signs of a bullish reversal with a confirmed double bottom pattern, a breakout above descending trendline, and a marked Change of Character (ChoCH) . The key confirmation point to watch is the $0.02225 level, followed by potential upside targets at $0.03440 and $0.0600 . Traders should look for continued confirmation and manage risk appropriately around key support levels.
What's your take on GALA/USDT's double bottom breakout? Do you see this as a strong reversal opportunity, or are you waiting for further confirmation at key levels? Share your insights and strategies for navigating this setup.
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GALA failure again to go back to value!AS always! Back to an old range's value for a rotation
Short this!!
Long trade entry ? ICT ? Breaker Block ?Here is a possible trade entry, if I have well understood this ICT concept (I could have not understood well !).
Gala potential 157% gainGala has broken out of a falling wedge dating all the way back to March, retested and trying to run!
GALAUSDT.1DReviewing the daily chart for GALA/USDT, the cryptocurrency currently trades at $0.01799, marking a decrease of 3.49% for the day. The chart shows a downward trend that has been prevalent over the recent months, with a series of lower highs and lower lows.
The Moving Average Convergence Divergence (MACD) indicator is situated slightly below the signal line and close to the zero line, which indicates a weak bearish momentum. The proximity of the MACD to the zero line suggests that while the bearish momentum is present, it's not particularly strong, and the market could be nearing a consolidation phase.
The Relative Strength Index (RSI) at 47.12 is near the neutral 50 threshold, which neither confirms overbought nor oversold conditions. This neutral stance on the RSI points to a potential stabilization in price, though the market sentiment remains cautiously bearish.
On the chart, the key support (S1) and resistance (R1) levels are identified at $0.01327 and $0.01327, respectively. The price is currently approaching the support level, and its ability to hold above this mark could be critical for short-term price action. If GALA fails to sustain above the S1 level, it may face further downward pressure towards the next support (S2) which isn't explicitly marked on the current chart but would likely be below the current trading price.
In conclusion, GALA shows signs of continued bearish momentum with a potential for further declines if it breaks below the support level of $0.01327. Traders should monitor this level closely, as a break below could trigger additional sell-offs, whereas holding above it might provide the basis for some stabilization or minor recovery in the price. This analysis suggests a cautious approach, paying close attention to the S1 support level for indications of the market's next move.
GALA PriceGALA price exchanged hands at $0.01895, with an intraday surge of over 8.90% at press time. It boasts a market cap of $142.53 Million and has a circulating supply of 7.54 Billion.
GALAUSDTGALA ~ 1W
#GALA Are you interested in this Coin? If yes, this is an important support block that you might need to pay attention to. previously the price bounced quite high from this support block. we hope this will happen again.
#GALA/USDT#GALA
The price is moving within a descending channel pattern on the 1-hour frame and is expected to rise after it has been largely committed to it
We have a downtrend on the RSI indicator that is expected to break upwards and we have a tendency to stabilize above it
We have a major support level in green at a price of 0.01800
We have a tendency to stabilize above the moving average 100
Entry price 0.01850
First target 0.01955
Second target 0.02060
Third target 0.02176
Potential bottom on Week TFGALA at potential bottom after at least 3 impulse waves down (at week chart). Feels like even in the worst scenario bounce to ~0.03 is something that should happen in any case once correction to those 5 bearish months starts.
Bullish scenario would be return back to 0.06 as it plays role of the top of that HTF range. And where is the top, there is a chance for breakout ;)
Gala forms the three bottoms modelThe Gala currency is based on very strong demand areas where the liquidity of senior investors is concentrated
Ight and then This is a and fast food in fridge not making it up to the hospital for gala apples and fast food in fridge in fridge not making it hard to
Intraday. GALA. 0.01908. LONGThe token approached historical levels quite quickly. There was no impulse after the level was broken. There are signs of a pullback on minor timeframes. Looks like a good false breakout.
GALA LONG ✉️ Pair: GALAUSDT
📈 Direction: Long
💯 Leverage: Cross 5X - 10X - 20X
📊 Entry 1: $0.01830
📊 Entry 2 (DCA): $0.01500
✅ Target 1: $0.03200 (I recommend selling 20-30% of your position)
✅ Target 2: $0.03800 (I recommend selling 20-30% of your position)
✅ Target 3: $0.04500 (I recommend selling 20-30% of your position)
✅ Target 4: $0.05200 (I recommend selling the remaining position)
⛔️ Stop Loss: $0.01400
GALA is trading within a descending channel and nearing a key demand zone. The price is testing a critical level around $0.01830, which could lead to a significant bullish breakout if sustained momentum is achieved.
If the price manages to break above and confirm the breakout of the descending resistance, it could signal a trend reversal. In this case, entry is recommended at $0.01830, with a second buying opportunity (DCA) at $0.01500.
The targets are set based on potential recovery and trend reversal:
Target 1 at $0.03200 reflects a significant initial resistance. I recommend selling 20-30% of your position at this level.
Target 2 at $0.03800 and Target 3 at $0.04500 are higher resistance levels that could be reached during a positive trend. I recommend selling 20-30% of your position at each of these levels.
Target 4 at $0.05200 is a more ambitious long-term goal, considering a complete reversal of the descending trend. I recommend selling the remaining position at this level.
The stop loss is set at $0.01400 to limit risks in case of further decline below the major support level.
DON`T FORGET TO BOOST
GALA GAMES (GALA/USDT) BUY1. H4 demand zone.
2. H1 QM zone has formed.
3. H1 OA.
4. Pending order at H1 QM zone.
GALA Technical Analysis in Daily TimeframeHello everyone, I’m Cryptorphic.
For the past seven years, I’ve been sharing insightful charts and analysis.
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Now, let’s dive into this chart analysis:
INDEX:GALA is currently showing a rebound, holding support at $0.0205, and it is likely to rally once we see a breakout and close above the $0.033 resistance trendline.
The 35 EMA is acting as the primary resistance for GALA, and it must break above it to continue the rally.
Key levels:
- Crucial Support: $0.0205.
- Primary Resistance: 35 EMA ($0.02565).
- Resistance Trendline: $0.033.
- Target: $0.0867.
- Invalidation Point: A close below $0.0205.
DYOR, NFA.
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#PEACE
