GALA/USDT (1-Hour Chart) Futures Trade Analysis

Using Cross Margin | 100x Leverage | Capital: $80 | Risk per Trade: 5% ($4)

🔼 Long Position Strategy

Entry Zone: $0.0156 – $0.0158

This range is near the oversold level on the RSI, suggesting a possible upward bounce.

Stop Loss: $0.0153

Placed just below a recent support level, helping to control losses within your defined risk.

Take Profit Targets:

TP1: $0.0160 – minor resistance level

TP2: $0.0165 – stronger resistance with a 2:1 reward-to-risk ratio

Why Consider Long:

RSI is around 30, showing oversold conditions.

The price bounced from this area earlier in April.

A break above $0.0156 could push it toward short-term resistance at $0.0165.

🔽 Short Position Strategy

Entry Zone: Around $0.0154, if price clearly breaks and closes below this support.

Wait for confirmation — don’t rush in.

Stop Loss: $0.0158

Just above resistance, limiting your downside.

Take Profit Targets:

TP1: $0.0148 – previous bounce area

TP2: $0.0143 – key support zone from historical levels

Why Consider Short:

Price is trading under both 50 EMA and 200 EMA — indicating a bearish trend.

RSI remains weak, failing to cross 40.

News sentiment is bearish, especially after Gala’s game shutdown.

Both TradingView and CoinCodex suggest a “Strong Sell” signal on higher timeframes.

📌 Which Trade Setup Is Better?

In the very short term, a small bounce is possible due to RSI being near oversold.

But overall market sentiment and structure remain bearish.

✅ Safer Option:

If price breaks below $0.0154, go short with tight risk.

⚠️ A long trade is only viable if $0.0154 holds support and volume increases.

⚠️ Important Reminder – Using 100x Leverage:

With high leverage, even a tiny move can lead to liquidation.

Stay disciplined with:

Fixed risk per trade ($4 max)

$gala $wif $BTC