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$
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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!
Gala
🌟 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. 🚀
GALA/USDT upward journey from demand? 🚀GALA Analysis💎 Paradisers, dive into the fascinating shift of #GALAUSDT from supply to demand zones, hinting at a bullish wave on the horizon.
💎 Reflecting on #GALA journey, it has masterfully navigated through its Cup and handle pattern, traditionally sparking ascents. Now, as supply morphs into demand, the stage is set for a bullish leap from this pivotal level, aiming for higher supply zones with continued momentum.
💎 Conversely, should INDEX:GALA falter in its climb, pivoting to a bullish stance from the demand level at $0.03547 might be our next move. While the temptation to sell may grip newcomers at signs of struggle, the wisdom lies in holding off for a clear dip below this level before executing strategic trades.
#GALAAt time d1, after exiting the density in the last part of the correction, a three-wave corrective step can be observed, which can be a pullback and in the golden zone of the end of the intermediate correction, and in the next step, it will move at least 100% of its own wave in the specified areas.
A new bear attackThis week, the market, as expected, received a significant blow from the bears amid an attempt to reverse the quarter. A quick payback further increases the chances of a positive quarter close and maintaining purchases before the start of the new quarter, but you should not relax. As we approach the middle of the month, bears are highly likely to make a new attempt to reverse the monthly and quarterly candlesticks. Considering that the level of 3250 has been broken, the momentum may reach 3000 in the new week. Further, the probability of a buy-off prevails against the background of maintaining a medium-term bullish trend with the aim of returning to 3500-3750 before the opening of the second half of the month. In a more optimistic scenario, there is a probability of leaving for the 4500 test with a further rebound to 3900-4000. But the probability of purchases in a row is still inferior.
Against the background of a possible sales momentum, the formation of new exit entry points for coins is likely. Taking into account the taking of key levels, there is a possibility of compensation for sales and continuation of the trend for pros and quick. There is also a high probability of a new wave of growth in vib from a retest of 0.825-850. Fantokens also remain extremely oversold. Among them, asr and atm remain the most interesting for me. There is a possibility of new impulses to local overshoots. Coins such as ooki cvp oax drep also showed good growth waves of up to 50%, but did not break through resistance, and therefore a pullback can be expected in the event of a general market drawdown. Then you can increase the positions again. Of the more fundamentally reliable in the medium term, resistance breakouts also did not give df gft chz and quick looks like a more interesting alternative today.
The GALA rocket has not yet run out of fuelIn the related analysis, you can see the previous analysis of GALA, we are from the bottom with GALA.
Our first supply was broken, now we have fixed on this supply.
It is expected to get support from the green box after one or two more tests.
The next target is marked on the chart.
Closing a daily candle below the invalidation level will violate the analysis
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
🎮 GALA Gaming Token Trade Setup 🎮
📉 Analysis:
Token Overview: GALA, a gaming token, has seen strong performance but recently corrected.
Market Context: Anticipate a relief bounce pending stability in BTC, which could affect GALA's movement.
Risk Consideration: This scalp trade is high-risk due to BTC's influence; tight stop-loss is crucial.
📊 Trade Setup:
Entry Point: Consider a long spot trade within the $0.058 - $0.065 support zone, pending BTC stability.
Target: Take profit at $0.07, with the next resistance at $0.08.
Stop Loss: Set a tight stop loss just below $0.056 to manage risk effectively.
📈 Note: Given the speculative nature of the trade and its dependency on BTC's movement, closely monitor market conditions and adjust the strategy accordingly.
#galal/ usat#gala
The price is moving in a downward channel on frame 1. hour.
We are about to break that channel upward.
We have higher moving average. 100.
We have a trend on the RSI indicator that is about to break
,the entry price 0.07132.
The first target is 0.07152.
I The second target is 0.08152.
Third target is 0.08827.
GALA Primed For More Upside In Crypto - How To Buy The DipsThis current dip on GALA will be the last best buying opportunity for it's current trend.
Crypto is famous for running flat corrections that make higher highs and higher lows. In fact, it's the most popular type of correction in all bull markets.
These types of corrections leave traders chasing after price as they are uninformed on how to take advantage of them.
In this video, I share how to buy the dips on GALA starting with this one. I share two trade setups with two different strategies and clear step by step conditions that need to get met in order to execute this trade.
Let me know in the comments if you agree or disagree with the upside I'm projecting. Do you think these trades will work out?
Follow if you want to make 2024 your most transformational year in the crypto markets. I'll take you by the hand in these Tradingview updates.
I've been trading in crypto full time for over 6 years since 2017 and I've thrived through every bull market, outperforming bitcoin's performance every time. This bull market will be the same.
But..
It's going to take strategic navigation of shifting between crypto's and some diversification.
I leverage expert research companies to feed me the next best projects coming out and then I overlay my technical system to the charts to time my entries, manage my risk, and maximize my profits.
Join me in making 2024 another life changing year!
GALA Games - All Time High sooner than we think by CryptoVatsikHi everyone,
GALA games will hit an ATH sooner than we think, imho.
As the bullrun heats up, altcoins will fly faster than we can responsibly manage. With that said, in my opinion GALA has not yet reached its expansion zone, yet.
GALA has recently flipped the green baseline area, which is bullish. I'd expect a reasonable, healthy, and logical correction toward green in the coming weeks.
We are currently trading in active HTF resistance (red) and I don't expect it will be easily flipped, perhaps I am wrong! We should at least get some consolidation over the coming week(s) imo.
Either way, once that resistance is flipped, I believe we will see significant expansion to 0.20c and above.
This is a long setup, yes, however with expected short term downside, so please do not immediately long GALA based on this post and analyze carefully.
Cheers!
Vatsik
GALA price sets the pace and direction for the "gaming industry"GALA is the "hardest" gaming coin that has now woken up and is showing growth. "The heaviest" because its capitalization is now $2.75 billion and if you look at the GALAUSDT price chart "globally", these are still lows.
Or perhaps it is a signal from "MM" that it has enough capital to back such "difficult" projects and imagine what can happen to the price of gaming projects with a capitalization 10-20 times lower?)
What do you think about this? Write in the comments.
ATH - GALA is still very far away, and the capitalization of the project there can reach $30 billion, which is already a considerable amount.
So for now, let's look at more mundane targets for GALAUSDT.
Right now, buyers have stopped at the level where the last portion of the shorts' stops is probably hidden - $0.09.
Breaking these stops could easily push the GALAUSD price to at least $0.10-0.115.
And then, either hyper-acceleration to $0.24-0.25 or the start of a correction. And frankly, the second option is more to my liking.)
#GALAUSDT LONG#GALA
The price has been moving in a downward channel since June 2023
This descending channel was broken upward
It is expected that the price will continue to rise with the support of Moving Average 100
The current price is 0.02625
The first target is 0.02830
The second target is 0.4770
The third goal is 0.06279
Beautiful Crazy Gala :DHi everyone
Gala needs to stop at this level only if it don't want to lose more of its value (30-60%).
look at this trend line from the top which is 45 angle which can work as a support related to Gann's theory.
Also , It is now on very important trend line ,which I think it is the first good buy area.
But u should take in consideration that Gala can break down this trend line and going to the lower buy areas (Green levels) depending on BTC's Moves.
So, if I have 1000$ , I will buy 33% here and the rest on those green levels if we reached them.
Good luck.
Disclaimer: This article is for informational purposes only and not financial advice. Conduct thorough research and consult with professionals before making investment decisions.
Good luck.
📈GAL Weekly Analysis: Bullish Breakout Opportunities🛸👨🚀🔍In the weekly timeframe, GAL has broken its trend line and completed its first bullish leg, reacting to resistance at 3.904.
🕯The weekly candlestick is deemed reliable, indicating an influx of buyers into this coin.
⚡️Indicators such as SMA7 and SMA25 have crossed after breaking their respective trends, confirming the upward momentum. Currently, SMA7 is providing strong support for the price, with the last candlestick also offering significant price support.
🛒The optimal time for buying is during this candle, with the initial target set at 10.181, representing a potential 140% increase.
💥However, it's worth noting that the RSI has been in overbought territory for a prolonged period, suggesting a potential correction may be on the horizon.
📊The trading volume of the coin has remained relatively stable since its launch, providing limited insight.
📚Regarding the project itself, further research on Galexe can be conducted. Galexe serves as a community platform for various projects, offering infrastructure for new ventures.
🎈By incorporating this information, traders can make informed decisions regarding GAL investments.
🧠💼Just remember, jumping into trades too quickly before the main trigger can be risky. Always manage your money wisely and be aware of the risks involved.
Gala ideaBINANCE:GALAUSDT
Absolutely, buying GALAUSDT above $0.074 could be a strategy, placing your order slightly above the maximum price in the last 6-hour candles. This aims to capitalize on a potential breakout if the price surpasses resistance.
Here are some things to keep in mind:
Market Volatility: Cryptocurrency markets can be very volatile, so there's always a chance the price could drop instead of rising. Setting stop-loss orders can help mitigate potential losses.
Technical Indicators: While the past price behavior can be informative, it's not a guarantee of future results. Consider using other technical indicators alongside price action to strengthen your trading strategy.
Market Trends: Understanding the overall trend can be helpful. If the general trend is bullish, a breakout above resistance is more likely.
Remember, this is not financial advice, and it's always recommended to do your own research before making any trades.
pros is gaining accelerationOnce again this year, pros has done a good job, but its growth is probably just beginning. During the market pullback, the zone that remained without a retest was successfully tested, against the background of the news about the addition of a token to the margin in January, which created a very good entry point for the continuation of the medium-term trend. As I indicated, the key target was the 0.75 level, which technically opens the way for the expansion of the price range up to 1.5. The level was successfully broken through and from the retest of the nearest support, it again topped up the position for the continuation of the trend. Now the goal is a wave for the 1.0 test with a likely breakdown in the absence of a major pullback on the tops. With a successful breakdown of 1.0, the ultimate goal is the 1.25-1.5 test, from where a major pullback can be expected. A positive scenario is the re-taking of 0.7 and the formed trend line until the middle of the month. In this case, a 1.0 test is likely this month with continued growth in April. In the case of a general pullback in the market, the dynamics may turn out to be smoother with a repeated rebound from 0.75 or the trend line. With such a picture, taking 0.75 and continuing growth is likely from the third wave and the formation of a triangle. Regardless of the growth rate, pros still retains a high growth potential of up to 100%+ and remains one of the main coins in my work.