GALA PRICE UPDATE
Coin Name: $GALA
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GALAUSDT
0.017
-1.44%
Position: Short
Entry Price: 0.01716
On the 4-hour chart, Gala appears to be forming a bearish head and shoulders pattern, which typically signals a potential downward move. If the price breaks below the neckline support, I anticipate a further drop toward my target zone. Additionally, the current lack of volume adds to the bearish outlook, reinforcing my short-term bearish stance on Gala.
GALA CHART PATTERN
On the 1-hour chart, USDT.D is forming a symmetrical triangle pattern. It has recently tested the upper trendline and is now moving toward the lower boundary of the formation. If it breaks to the downside, we could see a short-term relief rally or upside movement across the crypto market.
USDT.D CHART PATTERN
The Gala liquidity heatmap shows significant liquidity positioned above the current price. I anticipate a short-term move to the upside to sweep that liquidity, followed by a potential reversal to the downside as it targets lower liquidity levels.
GALA LIQUIDITY HEATMAP
Leverage: 3X
Targets:
1st TP 0.1618
2nd TP 0.1550
3rd TP 0.1470
This is my personal prediction, but as we all know, the crypto market is highly volatile. If you're considering this trade, be sure to conduct your own thorough research before making any decisions.
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