GALA/USDT: Bullish Momentum and Medium-Term Strategy

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The GALA/USDT pair is showing strong bullish signals across multiple time frames. Here are the key indicators driving the current market sentiment :

1. RSI & MACD Cross : Both the RSI and MACD have crossed upwards on the weekly chart, indicating increasing bullish momentum.

2. Daily Chart Breakout : On the daily chart, GALA/USDT is trading above the 50 EMA, with the RSI and MACD already above their midlines. This solidifies the bullish sentiment.

3. Positioning Strategy : I’ve started my second medium-term position, planning to hold until the MACD crosses 0.00 on the 4-hour chart or a potential 1-hour death cross appears.

4. Golden Cross Potential : If the bullish environment continues, we could see a golden cross on the daily time frame in the coming weeks, which could lead to a significant upward breakout.

Conclusion & Advice :

While GALA/USDT seems primed for a bullish run, it’s essential to monitor key technical indicators like the 4-hour MACD and hourly time frames for any shifts. Stay vigilant and adjust your positions if the market trends change. Risk management is key in such volatile setups!