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GALA / UST

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GALAUST trade ideas

🔥 GALA Bounce Trade: High Probability SetupGALA has seen massive gains earlier this year. However, since GALA stopped going parabolic it has been trading largely within a well-defined range. As of now, GALA has successfully bounced from the 0.42 - 0.44 support area. This, combined with the 4H RSI being oversold gives us a high probability setup for a reversal. I'm looking at the blue lines for potential profit targets.GALA has seen massive gains earlier this year. However, since GALA stopped going parabolic it has been trading largely within a well-defined range. As of now, GALA has successfully bounced from the 0.42 - 0.44 support area. This, combined with the 4H RSI being oversold gives us a high probability setup for a reversal. I'm looking at the blue lines for potential profit targets.
Long
by FieryTrading
6
GalaTesting/tracking elliot wave theory. Please do not trade off idea without S/L. Not financial advice. Gala has dropped -98% from the top. I think the bottom for this coin is in. If the crypto market crash, we may retrest that area again, however, for the most part I'd say the bottom is in. Most coins do not get a -98%. Altcoins would correct -90-95%, -98% or more usually means the project is dead or a ponzi. Gala games has been one of the most promising coins during this bear market. Constantly updating and making new partnerships so we can rule out that this coin is dead or a ponzi. I've added a chart from Coinmarketcap to get the full data on this chart since trading view doesn't have it on any gala charts. The wave count is starting from data I've gotten on CMC. Wave 2 should be in with the -98% drop and we are working on a new impulse wave (3). The top for wave 3 is projected to be around $1.3 We could see this in either 2024 or later in 2028. It all depends on how the crypto market is doing as a whole and if gala games keep delivering. R/R ratio from today's price: 33.4 Potential upside: 2244% Potential downside: -67% this would retest the -98% drop and give us a double bottom. Chart timeframe is on the daily.
by AyoKu
0.0605 I ExpectI started the analysis when it was at 0.0559 and a sudden pump. huh..... But GALA is inside a channel and Currently it is getting the 50 Moving average support on 4H. Also getting 100 and 200 Moving average support. from here we can expect a break of previous high and a higher high. Currently there is a resistance but we most probably will break it soon. In case of bullish movement from the dominator(BTC) can send us to have a retest of the upper line of this channel but I am not expecting more than 0.00605 for now..and that is my target
Long
by Shaptarshi
2