Ok, here the daily chart: 
I think that until BTC stays in green various alts could do this dead cat bounces, in this case it's too late to jump on the longs but you could wait for shorts. Considering that a pin bar (shooting star in this case) already happened below the first level at which I'd attempt a short I'd set a sell order over that OB. Let's say around 0.0245 USDT.
It might go but also fail, I wouldn't risk too much though so set the SL accordingly. If price oges over 0.255 I'd wait for the second OB to short. I'm still not trading actively because of my dissertation, soon I'll finish it and I'll start again.
Good luck
I think that until BTC stays in green various alts could do this dead cat bounces, in this case it's too late to jump on the longs but you could wait for shorts. Considering that a pin bar (shooting star in this case) already happened below the first level at which I'd attempt a short I'd set a sell order over that OB. Let's say around 0.0245 USDT.
It might go but also fail, I wouldn't risk too much though so set the SL accordingly. If price oges over 0.255 I'd wait for the second OB to short. I'm still not trading actively because of my dissertation, soon I'll finish it and I'll start again.
Good luck
Nota
If you entered following my advices you saw my adviced stop loss didn't trigger by little and you're currently in your short. Here the 1h chart with my main target:
Trade chiuso: stop raggiunto
So, market turned euphoric for BTC going over 17K again and GALA pumped a lot but if BTC doesn't hold this level and dumps (which is what I think it will happen) in a couple of days we might see GALA doing the same. Stay tuned!
I do TA because I like and it seems at least 70% of my calls usually turn out to be true. If you wanna support me please donate some tradingview coin or check "about me"
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I do TA because I like and it seems at least 70% of my calls usually turn out to be true. If you wanna support me please donate some tradingview coin or check "about me"
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.