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GALA / TetherUS PERPETUAL CONTRACT

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GALAUSDT.P trade ideas

GALA - Gaming Narrative Resurfacing?We added to our INDEX:GALA position last night at $0.062. Gala has a very similar setup to CRYPTOCAP:IMX and some other gaming related tokens. Therefore, can we predict the gaming narrative is about get hot again? Here is what could make GALA pump based on the charts. -Weekly Dragonfly Reversal Doji -0.5 Fib level held -RSI seemingly flipped old resistance into new support A break of the high would lead us to a predictive level of $0.11 followed by the psychological $0.15 level.
by VIAQUANT
🎮 GALA: Riding the Bullish Wave! 🚀🎲📈 Market Analysis: GALA has experienced significant bullish momentum in recent days, indicating robust market demand and positive sentiment. The current market pullback presents a potential opportunity for a spot-long trade, leveraging support levels for entry. 🔄 Trade Plan: Entry: Consider entry in the support zone of $0.058 - $0.065, aligning with bullish momentum and market dynamics. Upside Target: Target areas of resistance at $0.08 - $0.09 or $0.14 - $0.16, reflecting potential breakout opportunities. Risk Management: Implement a tight stop-loss strategy just below $0.057 to manage downside risk effectively. 🎮 Strategy: Monitor market dynamics, including gaming sector trends and broader market sentiment, for insights into GALA's performance. Stay updated on GALA's developments, partnerships, and product launches to gauge future growth prospects. Adjust trade plan based on real-time market data, technical analysis, and risk assessment to optimize trading outcomes.
Long
by Richtv_official
GALA/USDT possible planBINANCE:GALAUSDT might move higher to 0.07 Cents, if BTC might try to move higher to 25K. There are some indications that alts will be recovering from 90-98% price drop, but BTC has a gap on futures at CME between 19700 and 20500 which could be filled by dropping price down. There is another gap between 9600 and 10K. Price of BTC dropped since last ATH only 77% please have this in mind. Daily RSI indicating market overbought. So expect in short term correction of the price to 20K. GALA price is ready go higher, at the same time be careful with BTC movement. GALA has crossed 200 MA line, and I expect it to retest it. Not a financial advice.
by Adilforgood
4
Keep an eye on this level!It's time to keep a close watch on GALA, which is gearing up for a big move! If you're looking to trade GALA at the moment, here's a quick setup that you might find helpful! The idea is: Buy when the price breaks above 0.05955$ and take profits at the levels shown in the chart. Targets: 1. 0.062$ 2. 0.0655$ 3. 0.068$ ------------------------------------------- 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!
Long
by MBM_Crypto
5
🌟 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. 🚀
by Shibunacci
Still on the run?GALA rise with a double bottom set up. I was looking for signs for possible continuation so let's keep it simple Currently sitting at the neckline of that weekly double bottom which is currently acting as a pretty good support On the 4 hours TF we can see it printing a bullish flag so that break it's going to be pretty interesting. The weekly close is looking good giving if it holds above that 0.05463 region so what are your thoughts on this lemme know in the comments below Stay safe
by Lancerlawrence
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.
Long
by MyCryptoParadise