Here’s a quick breakdown of the $GALA /USDT (Perpetual Futures) setup:
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Current Market Overview:
Last Price: $0.01494
Mark Price: $0.01494
24h High: $0.01527
24h Low: $0.01410
24h Volume:
GALA: 4.04B
USDT: $59.62M
24h Change: -1.19%
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Key Technical Levels:
Resistance Zone: $0.01514 – $0.01531
Support Zone: $0.01448 – $0.01410
Volume Spike: Volumes are high, indicating possible bounce or breakdown soon.
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Moving Averages:
MA(7): $0.01482 (price above — short-term bullish)
MA(25): $0.01494 (equal to current price — neutral zone)
MA(99): $0.01475 (long-term support)
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Trade Setup Ideas:
For Long Entry (Bounce Play):
Entry Zone: $0.01450 – $0.01470
Stop Loss: Below $0.01410
Targets:
TP1: $0.01494
TP2: $0.01527
TP3: $0.01550+ (if momentum builds)
For Short Entry (Rejection Play):
Entry Zone: $0.01520 – $0.01530
Stop Loss: Above $0.01540
Targets:
TP1: $0.01480
TP2: $0.01440
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Summary:
GALA is consolidating near resistance after a small retrace.
Watch for volume confirmation and price action near $0.01530 — rejection or breakout.
Neutral to slightly bullish bias if support holds.
Want me to chart it or analyze with indicators like RSI/MACD/fibs?
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