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GALA / TetherUS PERPETUAL CONTRACT

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GALAUSDT.P trade ideas

#GALA/USDT#GALA The price is moving within a descending channel pattern on the 1-hour frame and is expected to rise after it has been largely committed to it We have a downtrend on the RSI indicator that is expected to break upwards and we have a tendency to stabilize above it We have a major support level in green at a price of 0.01800 We have a tendency to stabilize above the moving average 100 Entry price 0.01850 First target 0.01955 Second target 0.02060 Third target 0.02176
Long
by CryptoAnalystSignal
2
Is GALA on the Verge of a Breakout or a Breakdown?Yello, Paradisers! Could this be the breakout moment we’ve been waiting for? Let’s dive into #GALAUSDT’s latest move! 💎#GALA is currently trading within an ascending channel, showing a gradual upward trend since the lows of August 5th. The price is now facing immediate resistance between the $0.0172 and $0.0180 levels, a zone that has been tested multiple times in recent days. Despite these attempts, GALA has struggled to break through. 💎If the bulls manage to push past this resistance, we could see a strong breakout, potentially propelling GALA to the $0.01920 to $0.01985 range. This upper resistance aligns with the ascending channel’s top boundary, making it a critical zone where strong profit-taking is likely. 💎In a bullish development, GALA has managed to break above the 4-hour EMA-50 level for the first time since July 22nd. This could indicate further upward momentum in the near term. 💎On the downside, the EMA-50 at $0.02475 is currently the primary support level. Below that, the ascending support around $0.01580 is crucial. Losing this level could trigger a possible double bottom formation, which would be bearish for GALA. Stay disciplined, Paradisers! Keep a close watch on these levels and be ready to act when the opportunity arises. Remember, patience and strategy are your best tools in this market. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Jack
7
GALA LONG ✉️ Pair: GALAUSDT 📈 Direction: Long 💯 Leverage: Cross 5X - 10X - 20X 📊 Entry 1: $0.01830 📊 Entry 2 (DCA): $0.01500 ✅ Target 1: $0.03200 (I recommend selling 20-30% of your position) ✅ Target 2: $0.03800 (I recommend selling 20-30% of your position) ✅ Target 3: $0.04500 (I recommend selling 20-30% of your position) ✅ Target 4: $0.05200 (I recommend selling the remaining position) ⛔️ Stop Loss: $0.01400 GALA is trading within a descending channel and nearing a key demand zone. The price is testing a critical level around $0.01830, which could lead to a significant bullish breakout if sustained momentum is achieved. If the price manages to break above and confirm the breakout of the descending resistance, it could signal a trend reversal. In this case, entry is recommended at $0.01830, with a second buying opportunity (DCA) at $0.01500. The targets are set based on potential recovery and trend reversal: Target 1 at $0.03200 reflects a significant initial resistance. I recommend selling 20-30% of your position at this level. Target 2 at $0.03800 and Target 3 at $0.04500 are higher resistance levels that could be reached during a positive trend. I recommend selling 20-30% of your position at each of these levels. Target 4 at $0.05200 is a more ambitious long-term goal, considering a complete reversal of the descending trend. I recommend selling the remaining position at this level. The stop loss is set at $0.01400 to limit risks in case of further decline below the major support level. DON`T FORGET TO BOOST
Long
by clasaicrypto
GALA Technical Analysis in Daily TimeframeHello everyone, I’m Cryptorphic. For the past seven years, I’ve been sharing insightful charts and analysis. Follow me for: ~ Unbiased analyses on trending altcoins. ~ Identifying altcoins with 10x-50x potential. ~ Futures trade setups. ~ Daily updates on Bitcoin and Ethereum. ~ High time frame (HTF) market bottom and top calls. ~ Short-term market movements. ~ Charts supported by critical fundamentals. Now, let’s dive into this chart analysis: INDEX:GALA is currently showing a rebound, holding support at $0.0205, and it is likely to rally once we see a breakout and close above the $0.033 resistance trendline. The 35 EMA is acting as the primary resistance for GALA, and it must break above it to continue the rally. Key levels: - Crucial Support: $0.0205. - Primary Resistance: 35 EMA ($0.02565). - Resistance Trendline: $0.033. - Target: $0.0867. - Invalidation Point: A close below $0.0205. DYOR, NFA. Please hit the like button to support my content and share your thoughts in the comment section. Feel free to request any chart analysis you’d like to see! Thank you! #PEACE
by Cryptorphic
A descending triangleA descending triangle is a technical analysis chart pattern used in trading and investing. It's a bearish continuation pattern that forms when: 1. A price consolidates within a triangle, with 2. A falling upper trendline (resistance) and 3. A flat lower trendline (support). The descending triangle indicates a breakdown below the support level, suggesting a continued downward price move. It's considered a reliable pattern, as it shows selling pressure increasing while buying pressure decreases. Key points: - The pattern typically forms during a downtrend. - The falling resistance line shows decreasing demand. - The flat support line represents a level of supply. - A breakdown below the support level confirms the pattern. - The target price is estimated by measuring the height of the triangle and subtracting it from the breakdown point. The descending triangle is a strong indication of a potential price drop, and traders often use it as a signal to sell or short a price. As with any chart pattern, it's essential to combine it with other technical and fundamental analysis tools for confirmation.
Short
by De_Dommex