GALAUST trade ideas
🎮 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.
GALAThe GALA cryptocurrency is currently showing a bearish flag pattern, indicating a potential price decrease. Additionally, there has been the formation of a head and shoulders pattern around 0.08000, which I previously mentioned in my analysis. This could further contribute to a potential price drop.
#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 SPOT Price Prediction 2024GALA price prediction, the price of GALA is predicted to drop by -7.24% and reach $ 0.26416 by apr 15, 2024. According to our technical indicators, the current sentiment is Neutral while the Fear & Greed Index is showing (Greed). GALA recorded 18/30 (60%) green days with 7.88% price volatility over the last 30 days. Based on our GALA forecast, it's now a good time to buy GALA.
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?
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GALAUSDT Bull flag/ downward channel in play…Downward channel / bull flag in play.
Reckon price will retrace to the 0.5 fib level before thinking about a continuation.
May see a wick down to 0.618 level and find support here along with the 50 EMA (4HR timeframe) and order block serving as additional psychological support.
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.)
GALA USDT LongShould GALA succeed in surpassing the 0.049c mark on its third endeavor, accompanied by a significant support and resistance (SR) flip followed by a retest, it is reasonable to anticipate an ascent towards the 0.061c threshold. Conversely, if the third attempt to breach the local all-time high (ATH) proves futile, it is probable that the price will retreat towards the liquidity zone around 0.04c.
Please note that the foregoing analysis represents personal opinion and does not constitute financial advice.
#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