Gala
🔥 GALA Bearish Channel: More Pain Before ReversalIn my most recent GALA analysis I talked about the fact that GALA lost the immediate uptrend and that more pain was coming. Congratulations if you took the trade, both targets hit!
For now, I think it's likely that we're going to make a new low. My ideal reversal point would be the bottom support of the bearish channel.
Not expecting that we're going all the way back towards the top of the channel, so want to keep my targets close. See blue dotted lines at 0.028 and 0.033
#GALAUSDT | Short | Trade Set-Up | Video#GALAUSDT | Short | Trade Set-Up | Video
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Entry Conditions
| Bearish Indicator Signal
| Concern over the untested weekly pivot for a retrace x 2
| Broken Key Support
| Broken multiple CVD supports
#GALAUSDT | Short | Trade Set-Up#GALAUSDT | Short | Trade Set-Up
| Don't Forget To Hit Follow To Never Miss An Idea |
| Please Support By Giving This Idea a Boost |
Entry Conditions
| Bearish Indicator Signal
| Concern over the untested weekly pivot for a retrace x 2
| Broken Key Support
| Broken multiple CVD supports
GALA, ON SALE. Discounted price now... Upside prospect is huge.GALA overextended its correction phase to 0.034.
This is at extreme oversold levels already at the current price point.
I'll take initial seed at the current level.
Spotted at 0.0340
TAYOR.
safeguard capital, always.
Crypto GALAUSDT (A bullish Pin Bar appears)
View On GALA GALAUSDT (26 Apr 2023)
GALA is in
* Slightly Bearish in short term (Intraweek)
* Neutral Mid term (1 to 3 months)
* Slightly Bearish in Long term (3 months onward)
GALA has a decent bullish looking pin bar yesterday.
There is a glimpse of hope market may move back UP higher.
It is not so obvious yet.
DYODD, all the best and read the disclaimer too.
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Gala Air Drop Pump?We have been a long time supporter of gala but the tokenomics have made it hard to invest hard. Outside of the token issues this project seems to have it all including a very low price.
The word air drop in this case is a little deciving as nothing new of value will be received but rather a relacement token at 1 to 1. After the airdrop the original gala token will no longer be supported by gala.
Either way they are using the word air drop will pull alot of attention.
This is a daily line chart showing the several moving averages.
We are getting awfully close to a major brake out if price continues to consolidate at these levels.
Bullish
GALAUSDT bull caseIn the spirit of "buy the rumor sell the news" I expect GALA at some point to get significantly bullish ahead of the May 15th event. What you see here is consolidation at the "mean" (monthly pivot point). As a bullish thesis, one could DCA through the fib pullback of the most recent up move with the expectation to take profits at the last major high (or even higher).
I am in this low leverage with a starting position at 0.4. Will bail under monthly S1.
In full disclosure, "hype following" meme style trades like this are something I've rarely had luck at. DOGE has been my enemy as a technicals trader -- but it's fun to try to mix technicals with news to come up with a plan on how to approach a trade.
🔥 GALA Huge Triangle Breaking OutIn my most recent GALA analysis I talked about the fact that I expected the bottom support of the triangle to hold. The target was the top resistance, which has been hit yesterday!
For now, I'm going to be patiently waiting for the break out to confirm on higher timeframes. We've got a fake-out yesterday, so enough reasons to be careful.
Two blue lines are my targets.