Hello traders,
Although GALA lost the key support at $0.027, the price has started to consolidate above $0.0248.
There was a clear positive RSI divergence that retested the “30” zone on the RSI before going higher. This is a bullish sign, theoretically, and could result in an underside retest of this key S/R level.
If bulls can reclaim $0.027, looking for a sweep of those equal highs at $0.028 will be a good trade.
If bears was able to break this possible pear flag and closing daily under $0.0246, GALA should decline with 15% to 30%.
stay safe and trade safe thank you.
Although GALA lost the key support at $0.027, the price has started to consolidate above $0.0248.
There was a clear positive RSI divergence that retested the “30” zone on the RSI before going higher. This is a bullish sign, theoretically, and could result in an underside retest of this key S/R level.
If bulls can reclaim $0.027, looking for a sweep of those equal highs at $0.028 will be a good trade.
If bears was able to break this possible pear flag and closing daily under $0.0246, GALA should decline with 15% to 30%.
stay safe and trade safe thank you.
Trade closed: target reached
