๐ GALA/USDT Trade Idea โ Short-Term Swing Setup
๐ Timeframe: 4H / 1D
๐ฏ Strategy: Swing Trade (1โ7 days hold)
๐ Entry Zone:
Buy on dip around $0.0147 โ $0.0150
Strong historical demand + support from Bollinger Band lower bound and 4H structure.
๐ Stop-Loss:
Below $0.0144
Invalidation of local support and potential breakdown toward $0.0133 or lower.
๐ Targets:
1๏ธโฃ TP1: $0.0168 โ Local resistance zone and previous supply rejection
2๏ธโฃ TP2: $0.0205 โ Key daily resistance and upper Bollinger band (if momentum follows through)
๐ Confirmation:
Watch for bullish RSI divergence or breakout candle on 4H chart with increasing volume.
๐ Trend Bias: Sideways with short-term bounce potential
๐ Volume: Declining but base forming
โ๏ธ RSI(6): Neutral on 4H (~49) and oversold on daily (~36), signaling a bounce setup.
๐ Macro Note:
Mid-term structure still bearish, but sentiment is recovering slightly. Watch BTC/ETH for broader correlation.
โ Verdict:
Buy on support, tight SL, decent R:R setup for a short-term relief bounce. Re-evaluate if BTC weakens sharply.
