📉 Descending Channels Breaking Into Rallies
Every major downtrend since early 2022 has led to a sharp rebound once GALA hit the strong support around $0.012. The current price action mirrors the previous patterns:
🔻 Descending channel
🔴 Strong base retest
🚀 Breakout and rally afterward
We're currently testing this same base for the fourth time, and price just bounced with a green weekly candle, signaling potential accumulation and weakening selling pressure.
🔮 What to Watch For:
Break above the downtrend line (~$0.016) = confirmation
First target: $0.030
Second target: $0.080 (mid-range historical level)
⚠️ Risk Management
If the $0.012 base breaks with volume, invalidation likely.
Stop-loss below $0.0115 recommended for tight risk control.
📌 TL;DR: GALA is repeating a multi-phase bottoming pattern. The support zone is still respected, and momentum is shifting. A breakout here could signal a mid-term reversal.
Every major downtrend since early 2022 has led to a sharp rebound once GALA hit the strong support around $0.012. The current price action mirrors the previous patterns:
🔻 Descending channel
🔴 Strong base retest
🚀 Breakout and rally afterward
We're currently testing this same base for the fourth time, and price just bounced with a green weekly candle, signaling potential accumulation and weakening selling pressure.
🔮 What to Watch For:
Break above the downtrend line (~$0.016) = confirmation
First target: $0.030
Second target: $0.080 (mid-range historical level)
⚠️ Risk Management
If the $0.012 base breaks with volume, invalidation likely.
Stop-loss below $0.0115 recommended for tight risk control.
📌 TL;DR: GALA is repeating a multi-phase bottoming pattern. The support zone is still respected, and momentum is shifting. A breakout here could signal a mid-term reversal.
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