ðĨ GALA Potential End Of Its Bearish Trend After 11 Months
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.
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.
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