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GALA / TetherUS

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GALAUSDT trade ideas

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. Feel Free to "Follow", press "LIKE" "Comment". Thank You! Legal Risk Disclosure: Trading crypto, foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
Long
by SonicDeejay
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.
Long
by upslidedown
GALAUSDTHello again, Mars Signals team wishes you high profits. This is a one-day-time frame analysis for GALAUSDT Clearly, R2 is a resistance area in the current chart with its presentation of the disability of the price to rise at several points. R1 used to be a long-term support area. S1 used to be a resistance line. And S2 is a support area at the bottom that contains the support of price at different points. According to the past behavior of price, it could have a noticeable rise after being in a fluctuation at its lowest amount and by reaching R2, it face another rejection down to S2. Then by receiving the support there, the price was capable of having a great rise and could break S1 upward. At the present, the price has a fluctuation below R1 and we predict it to experience more rise up to R1 and after a pull back, another increase is waiting for it toward R2. We must wait for some confirmation candles to rise and an increase would be there for the price to reach higher amounts. It is even possible that the price loses the support at any points or even falls below S1 and via giving us some falling signs, more decline will definitely be waiting for the price toward lower amounts. S2 is believed a perfect point for putting trade orders but we should wait for the price to move toward it and then in our future updates, we will provide specific details for you. It is highly recommended to be cautious about various points and details and remember that for enjoying less risky trades. You can obtain every piece of information and details through our analyses and updates. Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions. Wish you luck
Short
by MarsSignals
2
Galausdt Buy opportunityGALAUSDT completed 5 wave legs from its ATH of $0.8412 and has undergone a significant correction after reaching its ATH, but the price reached an important bottom at $0.0154, which could be the end of the correction and the beginning of a new uptrend. The price responded well to the bottom, showing an immediate bounce. This bounce crossed above the trendline that determines the trend, signaling a potential reversal. As shown on the chart, the price is currently accumulating above the trendline in the form of bullish flag, which is potential bullish continuation pattern. We recommend accumulating GALAUSDT from this zone given on the chart, which has historically acted as support and resistance in the past. We recommend placing a stop loss below the trendline to limit potential losses in case of a sudden drop in price. The stop loss level is also shown on the chart for reference. Our targets for GALAUSDT are shown on the chart, we should use proper risk management and evaluate the market conditions before making any trading decisions. Thank you for reading, and we appreciate your engagement on this post. Please note that this analysis is not financial advice, and you should always perform your own research and risk assessment before entering any trade.
Long
by weslad
12