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GALAUSDT

GALA long position 🚀Hello 🐋 Based on the chart after a long time, correction to the downside the price is close to the major support and breaks the descending wedge and trend lines to the upside ✔️ if the price doesn't break the support level and the triangle support to the downside, we will see more gain beside the range market is an acceptable scenario too 📖💡🚀 if the price breaks the range prat to the upside, we will see more gain 📖🚀 Please, feel free to share your point of view, write it in the comments below, thanks 🐋
Long
by MadWhale
5
🚀GALA: potential reversal pointHi, friends! Can you see how big guys buy the bottom at the volume indicator? As you know if someone not sell somethins so you can`t buy it. In this example we see how much GALA were sold in panic or any other reason. Where is successful trade really possible? The best opportunity might be at the false breakouts of 2 key levels: 1. $0,05 - local lows 2. $0,049 - local lows Under these levels placed a lot of sl which is liquidity for the big player and they want to collect it. The target is $0,064-0,07 liquidity gap which is resistance for the price now. After the false breakout of the key levels and return to the trendline the breakout is highly possible. Check the volume, because it`s shows us the willing of the big guys to buy. Stay tuned to get more updates! 💻Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
by Yuriy_Bishko
1
GALA - Final Drop! 👀In our last post, we were anticipating the final drop to appear and now we've got it. The time to buy is almost here! For confirmation of bullish breakout, we can wait for a break of the red trendline. For an even cleaner entry, you can wait for you bullish reversal confirmation price action to appear such as lower timeframe trendline breaks, BOS etc. Trade Idea: - Wait for bullish price action to appear on lower timeframe - confirmation on break of the red trendline - stops below the lows once bullish price action appears - Targets: 0.4, 0.8, HODL the rest Goodluck and as always, trade safe!
by WicktatorFX
4
Gala - Good news came up, but it didn't help the price🚧Reasons to take short ⭐️ BTC bearish ⭐️ Trendline is clear ⭐️ Volume at top ⭐️ News came up but there no reaction ⭐️ 3rd touch ⭐️ Under VWAP Will enter when price squeezes to the level on 5m timeframe, the base will form and the strip will get faster. If you don't understand the previous sentence, just use swing stop-loss 3-5% Fix profit by parts: 1% - 1/3 2% - 1/3, stoploss to breakeven What's left, hold to the maximum What do you think of this idea? What is your opinion? Share it in the comments📄🖌 If you like the idea, please give it a like. This is the best "Thank you!" for the author 😊 P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones
Short
by Artem_Dishel
GALA the major support and the last chance 📖💡Hello 🐋 Based on the chart, the price is close to the major support and better to say the previous zone that started its amazing pumping to the upside ✔️ and we expect to see gain and pump from here, besides the range market is acceptable scenario too 📖💡🚀 and if we lose this area, we will see more correction to the downside ❌🧨 Please, feel free to share your point of view, write it in the comments below, thanks 🐋
Long
by MadWhale
8
gala/usdTesting/tracking elliot wave theory. Please do not trade off idea without S/L. Not financial advice. Risk Reward: 45.14 Potential upside: 1906% Potential downside: -42.24% The bottom looks like it's in or really close. We haven't touched wave 1 top yet so technically we still have a -42% downside before we enter wave 1 territory. Gala has been going up since it started in 9/2020 and peaked at 11/2021. An uptrend for 1 year and 2 months, since then it has been correcting and looking for a bottom. From 11/2021 - 5/2022 is about 6 months and that is a healthy correction considering how long it has been going up for. If we get something similar for the next impulse cycle then it can play out to something like this chart. An uptrend is usually 2-3x longer than a downtrend so we should be seeing a reversal soon.
by AyoKu
🚀GALA: trandline breakout! Is it possible now?The Gala rebounded nicely after the fall, but after that it made long traders fuel for a 30-40% drop. Now traders in the crypto market are scared and do not understand what reade to open (long or short?). In this idea I will tell my thoughts about Gala, closest targets and preconditions for a possible long. What can be marked out on the chart? 1. the price rebound of 100% after the fall, caused many traders to buy in. After the last drop to $0.65-0.68 support, most had to sell their GALA. 2. Rising volumes every time the "bottom" was tested. On the volume indicator, you can see the volumes rising every time and the price bounce. A sign that someone may be accumulating a position. 3. 2 unsuccessful tests of the trend line and a return to it. A positive signal, a sign of bullish strength. What to expect in order to open a long position? 🔶A squeeze under the trend line. 🔶Watch for Bitcoin, which should also look strong. Another liquidity pickup below the $0.65-0.68 support level is possible. Keep an eye on volumes, which should rise in this case. Targets for a long: 1. $0.094-0.1 2. $0.11-0.12 💻Press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
by Yuriy_Bishko
5