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cryptovatsik
Sep 13, 2022 3:09 AM

GALA - Supply vs Demand, who wins? Long

GALA / TetherUSBinance

Description

GALA has been relatively weak here when others are showing strength, but that is fine imo because not everyone can show up on time. I've taken a fractal from something we saw before not long ago, that is exactly how I want to see this playing out for a long position.

Retest back down to top of demand zone with a strong punch up, many coins looking very similar to this at the moment. The fractal is stretched to display the overall structure I want to see, dipped into demand with a break in MS and bullish retest, ultimately followed by a strong move up.

Would place SL below green area or the low of $0.046 level (local low).

Ideally demand wins this battle over minor supply above, but only time will tell.

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