Price projection for the next 2 weeks of $GALA - Resistances, Supports, Entry Points, and Take Profits
CONTEXTUAL INTRODUCTION:
We are facing a healthy retracement of the bullish trend; it is natural that after such strong growth from various altcoins like SOL DOT HBAR TIA and BTC itself, the price retraces to seek new liquidity. I will not debate whether this is market manipulation or not. After 5 consecutive bullish weekly candles, I would expect 1 or 2 bearish weeks or at least sideways in important price ranges.
RESISTANCES:
In$GALA we find the main short-term resistances at:
- 0.06657
- 0.08652
- 0.10635
- 0.13186
SUPPORTS:
Main short-term supports:
- 0.04008
- 0.03388
- 0.02756
- 0.02455 (It is unlikely that the price will retrace that much)
ENTRY POINTS:
- 0.03843
- 0.03558
- 0.03376
TAKE PROFITS:
- 0.07552 (112% from 0.03558)
- 0.08687 (144% from 0.03558)
- 0.11945 (235% from 0.03558)
- 0.15208 (327% from 0.03558)
STOP LOSS:
0.02425
CONCLUSION:
If you were told it would be easy, you fell for their lies; if we are going 'to the moon,' we must fasten our seatbelts very well. It is NORMAL and HEALTHY for the market to retrace after 5 consecutive bullish weeks, and while$GALA it has retraced between 30% - 37%, it is likely to retrace even more, perhaps up to 45% - 52%, and these are opportunities to find BETTER POSITIONS and prepare adequately for the next bullish weeks. I believe it is very likely that Gala will form a double top at the first resistance (0.04008) and deepen its retracement. If this happens, that would be a buying indicator (remember to buy in fear and sell in greed). The#Timming is also very important; I believe these next 2 weeks could open interesting buying opportunities in GALA and various altcoins. And would you buy your favorite projects if they offered you a 30% discount?
