Trade setup 🎯
$GALA Entry Zone: $0.00740 – 0.00760
Targets:
TP1: 0.00810
TP2: 0.00880
TP3: 0.00950
Stop-Loss: 0.00690
Structure: Harmonic Recovery & Trend Continuation
Analysis
$GALA has entered a powerful impulsive phase, characterized by a series of higher highs and higher lows on the 15-minute timeframe. After a period of quiet accumulation, the price has printed a strong vertical expansion, slicing through previous resistance levels with significant volume support.
The current candlestick structure shows a "Buy the Dip" mentality among traders. We are seeing healthy consolidation near the local peak (0.00773), where the price is holding steady rather than dropping sharply. This suggests that the market is absorbing selling pressure effectively, preparing for the next leg up. The Moving Averages (MA5 and MA10) are trending steeply upward, acting as dynamic support for this rally.
Outlook
The macro structure remains firmly bullish as long as GALA stays above the 0.00700 psychological level. A sustained break and hold above the recent wick at 0.00773 will likely trigger a massive continuation toward the 0.00850+ region.
However, if the price loses the 0.00690 support, the current bullish momentum would be considered "exhausted," leading to a deeper correction. For now, the bulls are clearly in control of the playground.
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