📅 Recent Movement:
Gala's price reversed off the $0.02 - $0.022 support area, coinciding with the 0.618 Fibonacci level between the low in October last year and the recent high.
📊 Key Areas:
Strong support expected in the $0.02 - $0.022 range.
Price reached the next resistance at $0.026.
🔄 Anticipated Movement:
Possibility of a retracement to test $0.02 - $0.022, offering a potential entry level.
Expectation influenced by favorable ETF news and BTC holding support.
🎯 Profit and Resistance Levels:
Potential profit-taking area (TP) at $0.035 - $0.038.
If surpassed, Gala could aim for the next resistance at $0.042 - $0.045.
⚠️ Risk Management:
Set a stop loss just below the $0.02 support level.
#GalaAnalysis #CryptoTrading #MarketWatch
Gala's price reversed off the $0.02 - $0.022 support area, coinciding with the 0.618 Fibonacci level between the low in October last year and the recent high.
📊 Key Areas:
Strong support expected in the $0.02 - $0.022 range.
Price reached the next resistance at $0.026.
🔄 Anticipated Movement:
Possibility of a retracement to test $0.02 - $0.022, offering a potential entry level.
Expectation influenced by favorable ETF news and BTC holding support.
🎯 Profit and Resistance Levels:
Potential profit-taking area (TP) at $0.035 - $0.038.
If surpassed, Gala could aim for the next resistance at $0.042 - $0.045.
⚠️ Risk Management:
Set a stop loss just below the $0.02 support level.
#GalaAnalysis #CryptoTrading #MarketWatch