GLXY Support & Resistance Zones

Here’s a structured trading strategy for Galaxy Digital Holdings Ltd. (GLXY) based on a combination of technical analysis, market sentiment, and macro crypto market movement:

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1. Timeframe
    •    Swing trading timeframe: 1-week to 1-month trades.
    •    Monitor daily and 4H charts for entries and exits.

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2. Key Factors Driving GLXY
    •    Strongly correlated to Bitcoin and Ethereum price movement.
    •    Sensitive to regulatory news in Canada/US and institutional crypto adoption.
    •    Watch Galaxy’s quarterly earnings and treasury BTC/ETH position updates.

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3. Entry Strategy

A) Technical Setup:
    •    Buy at major support zones:
    •    Key support levels: $7.00 CAD, $9.00 CAD (verify current chart levels).
    •    Enter long positions on bullish reversal candles at these supports.
    •    Breakout trades:
    •    Enter long positions on confirmed breakouts above significant resistance (watch volume and 1D close).
    •    Moving Average Confirmation:
    •    Only trade long if price is above the 50-day moving average and 50 MA is upward sloping.

B) Macro Confirmation:
    •    Only take aggressive long positions if BTC price is in an uptrend (above its own 50-day MA).
    •    Monitor ETH/BTC pair as additional confidence for alt sentiment.

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4. Exit Strategy
    •    First partial profit target: Previous swing highs or Fibonacci extension levels (commonly 1.272 or 1.618).
    •    Trailing stop: Move stop-loss to entry when trade is +10%.
    •    Hard stop-loss: Below the last daily support (2-5% risk).

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5. Diversification
    •    Do not exceed 5-7% of total portfolio per trade.
    •    Hedge exposure by monitoring crypto futures or crypto sentiment indexes (eg. Fear & Greed Index).

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6. Optional Short Setup
    •    Only short if price breaks major support with strong volume, and BTC/ETH are in confirmed downtrends.
    •    Short target: next daily support zone.

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7. News / Event-based Catalyst
    •    Enter small positions before major earnings or after big regulatory decisions if crypto sentiment is bullish.

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8. Review
    •    Reassess the strategy every month based on BTC market structure.
    •    Track your trade results for GLXY separately to refine position sizing and entry criteria.

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