UPDATE: GALA UP 725% after bull signal - 280% more to come?
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UPDATE: The price went sideways for a while before the big pump in Nov. Making a whopping 725+% after the bullish "Supertrend Ninja" signal in Nov 2021. That's a life changing trade for many people.
Currently the price seems to be in a range as well. Using Fibs there is potential gains of 280% around 1.62 USDT. Then again if we drop here, it could be as painful as 75%. Currently we are testing support, RSI is in an accumulation zone. Another small drop here before making a bull run, or continue moving sideways in the range wouldn't surprise me as well. GALA is a trade that definitely needs some proper risk management.
Personally I would wait for the 'Supertrend Ninja' signal to turn bullish first. It might take days or weeks. Generally this indicator gives around 2-8 bullish signals a year.
Supports and Resistances are highlighted as grey blocks. Profits can be taken at each grey block. Supports and resistances are automatically drawn using the indicator "Yo Show Me Some Support - and Resistances". Pun intended.
Thank you for reading.
Namasté 🙏
What Indicators Do I Use:
In the chart I am using my "Supertrend Ninja indicator", which is a trend-following indicator (Green and red vertical line with arrows).
When the background of the candlestick closes green (vertical line) with an upwards pointing pink arrow. It indicates a possible bullish (up)trend.
With each trade proper risk management is essential. Either by using my script "Trailing Stoploss Bottom Activation indicator", visible as grey dots below the candles. Which sends an alert, when current price goes below the previous candle low. Or using my "Heikin Ashi Trailing Stoploss Activation", the indicator below with green and red blocks. Or third option, exit when the Supertrend Ninja indicator displays a vertical red line with a downwards pointing black arrow. Remember, the first stop(loss) is always the cheapest stop.
Disclaimer: Ideas are for entertainment purposes only. Not financial advice. Your own due diligence is highly advised before entering trades. Past performance is no guarantee of future returns.
UPDATE: The price went sideways for a while before the big pump in Nov. Making a whopping 725+% after the bullish "Supertrend Ninja" signal in Nov 2021. That's a life changing trade for many people.
Currently the price seems to be in a range as well. Using Fibs there is potential gains of 280% around 1.62 USDT. Then again if we drop here, it could be as painful as 75%. Currently we are testing support, RSI is in an accumulation zone. Another small drop here before making a bull run, or continue moving sideways in the range wouldn't surprise me as well. GALA is a trade that definitely needs some proper risk management.
Personally I would wait for the 'Supertrend Ninja' signal to turn bullish first. It might take days or weeks. Generally this indicator gives around 2-8 bullish signals a year.
Supports and Resistances are highlighted as grey blocks. Profits can be taken at each grey block. Supports and resistances are automatically drawn using the indicator "Yo Show Me Some Support - and Resistances". Pun intended.
Thank you for reading.
Namasté 🙏
What Indicators Do I Use:
In the chart I am using my "Supertrend Ninja indicator", which is a trend-following indicator (Green and red vertical line with arrows).
When the background of the candlestick closes green (vertical line) with an upwards pointing pink arrow. It indicates a possible bullish (up)trend.
With each trade proper risk management is essential. Either by using my script "Trailing Stoploss Bottom Activation indicator", visible as grey dots below the candles. Which sends an alert, when current price goes below the previous candle low. Or using my "Heikin Ashi Trailing Stoploss Activation", the indicator below with green and red blocks. Or third option, exit when the Supertrend Ninja indicator displays a vertical red line with a downwards pointing black arrow. Remember, the first stop(loss) is always the cheapest stop.
Disclaimer: Ideas are for entertainment purposes only. Not financial advice. Your own due diligence is highly advised before entering trades. Past performance is no guarantee of future returns.
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Tradingview is the only channel I use.
Tradingview is the only channel I use.