📉 Descending Channels Breaking Into Rallies
Every major downtrend since early 2022 has led to a sharp rebound once GALA hit the strong support around $0.012. The current price action mirrors the previous patterns:
🔻 Descending channel
🔴 Strong base retest
🚀 Breakout and rally afterward
We're currently testing this same base for the fourth time, and price just bounced with a green weekly candle, signaling potential accumulation and weakening selling pressure.
🔮 What to Watch For:
Break above the downtrend line (~$0.016) = confirmation
First target: $0.030
Second target: $0.080 (mid-range historical level)
⚠️ Risk Management
If the $0.012 base breaks with volume, invalidation likely.
Stop-loss below $0.0115 recommended for tight risk control.
📌 TL;DR: GALA is repeating a multi-phase bottoming pattern. The support zone is still respected, and momentum is shifting. A breakout here could signal a mid-term reversal.
Every major downtrend since early 2022 has led to a sharp rebound once GALA hit the strong support around $0.012. The current price action mirrors the previous patterns:
🔻 Descending channel
🔴 Strong base retest
🚀 Breakout and rally afterward
We're currently testing this same base for the fourth time, and price just bounced with a green weekly candle, signaling potential accumulation and weakening selling pressure.
🔮 What to Watch For:
Break above the downtrend line (~$0.016) = confirmation
First target: $0.030
Second target: $0.080 (mid-range historical level)
⚠️ Risk Management
If the $0.012 base breaks with volume, invalidation likely.
Stop-loss below $0.0115 recommended for tight risk control.
📌 TL;DR: GALA is repeating a multi-phase bottoming pattern. The support zone is still respected, and momentum is shifting. A breakout here could signal a mid-term reversal.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.