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$GALA /USDT Technical Analysis & Trade Signals


Current Price: $0.06120
Momentum: Bearish with signs of a possible reversal near support levels.

Key Levels

Support Levels:

Immediate Support: $0.05580

Strong Support: $0.05250

Resistance Levels:

Immediate Resistance: $0.06350

Strong Resistance: $0.06660

Indicators & Momentum

1. Moving Averages (EMA):

Price is trading below the 50-EMA and 200-EMA, signaling bearish momentum.

2. RSI (14):

RSI is at 39, approaching oversold levels, which could hint at a potential bounce.

3. MACD:

Negative crossover, showing bearish momentum, but a possible reversal if the price holds above $0.05580.

Trade Setup

For Long Position

Entry Zone: $0.0600 - $0.0558 (Accumulation at support level)

Targets:
🎯 Target 1: $0.06350
🎯 Target 2: $0.06600
🎯 Target 3: $0.06950

Stop-Loss: Below $0.05450

For Short Position

Entry Zone: $0.06350 - $0.06600 (Resistance level rejection)

Targets:
🎯 Target 1: $0.05950
🎯 Target 2: $0.05700
🎯 Target 3: $0.05500

Stop-Loss: Above $0.06700

Trade Momentum

Short-Term: Bearish

Mid-Term: Potential bullish reversal if $0.05580 support holds.

Long-Term: Dependent on market sentiment and community-driven catalysts.

Risk Management: Ensure strict adherence to stop-loss levels and adjust based on market conditions.

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