Gala on major support level

12 de mar. de 2022

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.

13 de mar. de 2022

Trade fechado: objetivo atingido

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.