$GALA 55% SHORT-TERM GAIN | TREND TO WATCH

I am currently watching this short-term GALA downward trendline waiting for some sign of a break out before entering a long position. This will most likely be confirmed or cxled in a couple days to weeks depending on Bitcoin's price movement. Lowest entry could lead to a quick 55% spot gain. Set your alerts. This would be a continuation of the long-term trend breakout which I posted about previously.

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We are currently testing the downward trendline and setting up for a possibly explosive breakout.

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With the rest of the market we are still trending down, but trend are meant to be broken. The downward trendline cant last forever. Like this post and I will keep you updated when it retests again!

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We have broken out of our downtrend and a complete break out can send us back to $0.08. However, keep an eye on overall market sentiment which could freeze this move in the making. Bitcoin is making a head and shoulders pattern and could be due for a little dump.

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GALA went up ~31% at peak breakout (for now) and is currently still up ~25% since the breakout began. GALA is showing strength as Bitcoin accumulates and I expect the price to keep pushing higher if the market overall finds some footing. We are 25% away from reaching out TP goal.

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GALA is currently trading between 0.544-0.59. At this moment, it is sitting in the middle of this consolidating range, which also happens to be a key resistance/support level at ~0.57. If we break down from this range, like the last move, we can potentially see a dip down to ~0.47. If we can breakout of this range, we might see a surge back to ~0.64, which is the next accumulated resistance.

Our entry is right around the current level. I still expect GALA to be a top performer this run in the medium to long term. However, the next move will largely depend on what BTC and ETH can do over the next week.