FieryTrading

🔥 GALA Bubble: Return To The Mean

Long
BINANCE:GALAUSDT   GALA / TetherUS
Around a week ago I made an analysis where I discussed the classical bubble formation of the GALA daily chart. Take a look below.


As seen on the chart, GALA was one of the biggest losers of the current sell-off, losing over 80% of its value from top to bottom. After finding a bottom around $0.20, accumulation started, followed by a massive 2-day pump, which we're seeing now.

Two main areas of interest are the $0.37 and $0.43 resistances. If GALA can keep momentum, we could see these prices in the very near future.

Happy trading!

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