š GALA/USDT Trade Idea ā Short-Term Swing Setup
š Timeframe: 4H / 1D
šÆ Strategy: Swing Trade (1ā7 days hold)
š Entry Zone:
Buy on dip around $0.0147 ā $0.0150
Strong historical demand + support from Bollinger Band lower bound and 4H structure.
š Stop-Loss:
Below $0.0144
Invalidation of local support and potential breakdown toward $0.0133 or lower.
š Targets:
1ļøā£ TP1: $0.0168 ā Local resistance zone and previous supply rejection
2ļøā£ TP2: $0.0205 ā Key daily resistance and upper Bollinger band (if momentum follows through)
š Confirmation:
Watch for bullish RSI divergence or breakout candle on 4H chart with increasing volume.
š Trend Bias: Sideways with short-term bounce potential
š Volume: Declining but base forming
āļø RSI(6): Neutral on 4H (~49) and oversold on daily (~36), signaling a bounce setup.
š Macro Note:
Mid-term structure still bearish, but sentiment is recovering slightly. Watch BTC/ETH for broader correlation.
ā Verdict:
Buy on support, tight SL, decent R:R setup for a short-term relief bounce. Re-evaluate if BTC weakens sharply.