GALA / TetherUSLong
Breakout Alert: #GALA Ready for a Major Move After Breakout
Yello, Paradisers! Is #GALA breakout from a descending channel a game-changer or just a trap? Let's dive into the latest analysis of #GALAUSDT:
💎#GaLa has just broken above the Descending Channel after months of consolidation between $0.0154-$0.0166. This breakout could be huge, as
GALA has been stuck in this range for 4-5 months, but now, we’re seeing a potential shift toward bullish momentum.
💎For the bullish rally to take off, #GALAUSDT needs to break above the internal resistance at $0.0244. If it clears that level, the next target will be the major resistance zone, which could spark a much stronger rally.
💎However, don’t celebrate just yet. If GALA loses steam, we might see a pullback to retest the breakout around the demand zone. Failure to hold here could send the price down toward the lower demand zone at $0.0131.
💎A breakdown below this lower support would flip the script entirely, and the bears would regain control, potentially driving #GALA even lower.
Stay focused, patient, and disciplined, Paradisers🥂
MyCryptoParadise
iFeel the success🌴
💎#GaLa has just broken above the Descending Channel after months of consolidation between $0.0154-$0.0166. This breakout could be huge, as
GALA has been stuck in this range for 4-5 months, but now, we’re seeing a potential shift toward bullish momentum.💎For the bullish rally to take off, #GALAUSDT needs to break above the internal resistance at $0.0244. If it clears that level, the next target will be the major resistance zone, which could spark a much stronger rally.
💎However, don’t celebrate just yet. If GALA loses steam, we might see a pullback to retest the breakout around the demand zone. Failure to hold here could send the price down toward the lower demand zone at $0.0131.
💎A breakdown below this lower support would flip the script entirely, and the bears would regain control, potentially driving #GALA even lower.
Stay focused, patient, and disciplined, Paradisers🥂
MyCryptoParadise
iFeel the success🌴
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.