Over the last couple of months, I've been fairly bearish on GALA. In my last analysis, around a month ago, I noted that GALA could very well be in a longer-term accumulation phase, similar to ADA back in 2018.
Today, GALA is seeing a massive inflow of funds. The token was heavily shorted, so it's primed for some kind of short-squeeze. However, GALA still needs to get through the top resistance of the bearish channel. Wait for the daily candle to close above the resistance.
In case of a confirmed break out in the coming hours/days, I'm looking at the targets in blue for potential exits and areas of resistance.
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.