After a stunning 98% fall from the top, GALA is seeing yet another bounce. Whether this is "the" bottom remains to be seen, but it's the first time that GALA has seen 3 consecutive green 3-day candles since August, so it's definitely something that stands out.
For now, I'm looking at the dotted resistance as a target. If we can convincingly break through said resistance we might actually see further upside in the near future. Be aware that GALA is one of the most shorted tokens at the moment, so bullish moves can be swift and violent.
For now, I'm looking at the dotted resistance as a target. If we can convincingly break through said resistance we might actually see further upside in the near future. Be aware that GALA is one of the most shorted tokens at the moment, so bullish moves can be swift and violent.
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Target hit! Congratulations if you took the trade for a nice ~30% winđ„
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