chart analysis @lunyoner
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Chart Summary – GALA/USDT (1D Daily Chart)
A significant downward trend breakout has occurred in the GALA chart. After this breakout, both a spike retest and the inverse head and shoulders (IH&S) structure have been confirmed, creating a technical setup. The price has clearly surpassed the resistance-reversal area, initiating upward momentum.
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Targets and Prices
• Projection target:
• 0.065 – 0.068 area
• (The upper boundary of the box area shown in the chart)
• Current price: 0.0176 USDT
• Target profit ratio: %232 (0.0509 point increase)
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Support – Resistance Levels
• Support:
• Above 0.0150 – above the broken downward trend
• 0.0135 – IH&S bottom area (risky below the neckline)
• Resistance:
• 0.0225 – first micro resistance
• 0.0340 – intermediate level of the previous downward channel
• 0.065 – main target resistance
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Indicators
• RSI (1D): Crossing above 60 confirms trend strength
• Volume: Increased volume with breakout is a strong buying signal
• MAs: Short-term averages have crossed upwards, EMA has shifted to support position
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Formations and Formation Reversals
• Inverse Head and Shoulders (IH&S): Confirmed, breakout and retest completed
• Downward Trend Breakout: Breaking the major structure triggers a main direction change
• Breakout: Confirmed upward breakout with strong volume
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4H – 1D – 1W Volume
• 4H: Intense volume entry during breakouts
• 1D: Ongoing purchases
• 1W: Strong accumulation signal starting from bottom areas
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Trend Direction
• Short Term: Uptrend
• Medium Term: Confirmed upward reversal
• Long Term: Since the downward trend has been broken, a positive reversal has begun
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Road Map
1. 0.0150 – 0.0170: Buying area
2. 0.0225: First profit-taking area
3. 0.0340: Medium target
4. 0.065: Main target (major resistance)
5. Above 0.10: Speculative target if momentum continues
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Strategy – Recommendation
• Opening Position:
• Can be repositioned in the current area or at support of 0.0150
• Stop Loss:
• A daily close below 0.0132 should be a stop
• TP Levels:
• TP1: 0.0225
• TP2: 0.0340
• TP3: 0.065 (previous resistance peak)
• According to Investor Type:
• For day traders, scalp area 0.0170 – 0.0225
• For swing traders, buying at 0.0150 – structure targeting 0.065 is suitable
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Comment
GALA demonstrates a strong breakout structure built on classic reversal formations. Especially the IH&S formation supported by volume indicates that this movement may be permanent. Both the break of the descending trend and the confirmation of the IH&S show that these levels present a significant opportunity.
With strategic tiered entry and targeted sales, this structure offers both short-term gains and medium-term growth potential. I expect a parabolic continuation movement.