Gala is testing a long-run trend line atm. Also, the head and shoulder breakout is also a possibility at this point. If Gala can respect this support we can look for a rally, otherwise, a major drop in price is evident.
Trade closed: target reached:
Gala rallied almost 14% from the trend line but failed to break the resistance of 0.25. BTC has been very quiet for the last couple of days trading at 39K zone, which suggests a sudden fall or a pump in price is on the way.
It would be wise to book some profit at this point and keep the remaining fund at the market at a stop-loss to the entry point in case Gala breaks the 0.25 resistance.
It would be wise to book some profit at this point and keep the remaining fund at the market at a stop-loss to the entry point in case Gala breaks the 0.25 resistance.