🔥 GALA Bearish Channel: More Pain Before Reversal
In my most recent GALA analysis I talked about the fact that GALA lost the immediate uptrend and that more pain was coming. Congratulations if you took the trade, both targets hit!
For now, I think it's likely that we're going to make a new low. My ideal reversal point would be the bottom support of the bearish channel.
Not expecting that we're going all the way back towards the top of the channel, so want to keep my targets close. See blue dotted lines at 0.028 and 0.033
For now, I think it's likely that we're going to make a new low. My ideal reversal point would be the bottom support of the bearish channel.
Not expecting that we're going all the way back towards the top of the channel, so want to keep my targets close. See blue dotted lines at 0.028 and 0.033
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