GALAUSD
Gala Long ideaGALAUSDT has been in a consolidation phase for the past few weeks, with the price range between $0.046 and $0.048. However, there are several bullish signs that indicate a potential upward move in the near future.
Firstly, its sitting on major support and all EMAs are acting as support as well
Furthermore, the recent bullish news surrounding the project could also drive demand for GALA. The team has announced partnerships and collaborations with several gaming and blockchain projects, and there has been significant growth in user adoption and transactions on the platform.
Therefore, I believe that GALAUSDT presents a good long opportunity with a potential price target of $0.06, 0.7. However, as always, it's important to keep an eye on risk management and to adjust your position accordingly based on market conditions.
Disclaimer: This is not financial advice, and I am not a financial advisor. Always do your own research and make your own investment decisions. Trading cryptocurrencies involves risk and may not be suitable for all investors.
#GALA/USDT #GALACOINTrade Setup with Technical Analysis
#GALA/USDT (BINANCE)1 day chart.
STOP LOSS :- 0.03914
BUY AROUND:- 0.04176
SELL TARGET:- 0.04600
Risky Target 🎯 : - 0.04700 , 0.04900
Fundamental Analysis of #GALA Market Latest updates :-
The social and mobile games company that launched video games Poker and Farmville. As of April 2022, Gala Games has over 1.3 million monthly active users and has sold roughly 26,000 NFTs, with the most expensive one worth over $3 million
💡Don't miss the great buy opportunity in GALAUSD @GoGalaGamesTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.5367).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. GALAUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 63.
Take Profits:
TP1= @ 0.6169
TP2= @ 0.6787
TP3= @ 0.7483
TP4= @ 0.8403
TP5= @ 0.9000
SL= Break below S2
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