ترجمة
GK-ARONNO
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Wave 3 Incoming? Why I’m Bullish on Gala’s Next Move🔥🚀
$GALA
After closely tracking this correction since December 9th, I’m thrilled to share that my buy-in target of $0.03493 has been hit with near perfection. Throughout this period, I’ve carefully planned my exits and entries, which I’ve illustrated on my charts and shared as ideas in real-time.
By exiting and re-entering at key levels, I’ve been able to:
Protect my capital during the downturn.Make some gains on the December 11th bounce.Accumulate an additional 1.9 million Gala tokens on this re-entry – all without leverage.
At the onset, it’s always challenging to identify the exact type of correction we’re in. However, as the pattern unfolded, it became apparent that this was likely a Wave 2 correction, with price retracing to the 0.618 Fibonacci level. Historically, 70% of Wave 2 corrections retrace between 0.382 and 0.786, with only 15% going beyond that.
While there’s a possibility of further downside – especially as I remain short-term bearish on Bitcoin, which could drag alts lower – my priority is to secure a good price rather than aim for the absolute bottom.
Support Levels
Should the price dip further, key supports are:
200-day EMA: $0.03070Weekly Support: $0.029590.786 Fibonacci Level: $0.02760
That said, I’m happy with my re-entry at this level and prepared to manage any downside.
Wave 3: The Opportunity
Wave 3 follows Wave 2 and is typically the most impulsive and exciting phase. Missing it while chasing a marginally lower entry is not a risk I want to take. Whether we’ve already completed the ABC correction or are in its final stages, I’m confident we’re transitioning towards something significant.
The next few days and weeks will be pivotal, and I’m excited to see how Gala performs from here. Let’s see where this journey takes us! 🚀
After closely tracking this correction since December 9th, I’m thrilled to share that my buy-in target of $0.03493 has been hit with near perfection. Throughout this period, I’ve carefully planned my exits and entries, which I’ve illustrated on my charts and shared as ideas in real-time.
By exiting and re-entering at key levels, I’ve been able to:
Protect my capital during the downturn.Make some gains on the December 11th bounce.Accumulate an additional 1.9 million Gala tokens on this re-entry – all without leverage.
At the onset, it’s always challenging to identify the exact type of correction we’re in. However, as the pattern unfolded, it became apparent that this was likely a Wave 2 correction, with price retracing to the 0.618 Fibonacci level. Historically, 70% of Wave 2 corrections retrace between 0.382 and 0.786, with only 15% going beyond that.
While there’s a possibility of further downside – especially as I remain short-term bearish on Bitcoin, which could drag alts lower – my priority is to secure a good price rather than aim for the absolute bottom.
Support Levels
Should the price dip further, key supports are:
200-day EMA: $0.03070Weekly Support: $0.029590.786 Fibonacci Level: $0.02760
That said, I’m happy with my re-entry at this level and prepared to manage any downside.
Wave 3: The Opportunity
Wave 3 follows Wave 2 and is typically the most impulsive and exciting phase. Missing it while chasing a marginally lower entry is not a risk I want to take. Whether we’ve already completed the ABC correction or are in its final stages, I’m confident we’re transitioning towards something significant.
The next few days and weeks will be pivotal, and I’m excited to see how Gala performs from here. Let’s see where this journey takes us! 🚀
إخلاء المسؤولية: تتضمن آراء أطراف خارجية. ليست نصيحةً مالية. يُمكن أن تحتوي على مُحتوى مُمول. اطلع على الشروط والأحكام.
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