Gala Gala Gala.... Bullish?
What a fall from grace Gala has been, since its $0.086 high in March.
All indicators are bullish so I wasn't expecting the price to fall below a monthly support of $0.039, but on June 09th it did just that, and fell down to a weekly support level of $0.034 - which also happens to be the Fib 0.786 support level.
We are in the midst of the psychological warfare that is crypto, when crypto looks bullish people leverage and then we get a liquidity grab which is what happened on June 09th, now we are hear so everyone thinks its going down so they short the market and right now we are on that psychological level of 'What next' the 'Unknown'....
I'll put my bets on.... we are going up!
Don't leverage here, this is where you get your popcorn out, this is where people get wrecked.
All indicators are bullish so I wasn't expecting the price to fall below a monthly support of $0.039, but on June 09th it did just that, and fell down to a weekly support level of $0.034 - which also happens to be the Fib 0.786 support level.
We are in the midst of the psychological warfare that is crypto, when crypto looks bullish people leverage and then we get a liquidity grab which is what happened on June 09th, now we are hear so everyone thinks its going down so they short the market and right now we are on that psychological level of 'What next' the 'Unknown'....
I'll put my bets on.... we are going up!
Don't leverage here, this is where you get your popcorn out, this is where people get wrecked.
Nota
Don't trade off my theories, its just a theory. Stay safe, and don't leverage.
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