Price projection for the next 2 weeks of $GALA Resistances, Supports, Entry Points, and Profit Taking:
CONTEXTUAL INTRODUCTION:
We are facing a healthy pullback in the bullish trend; it is natural that after such strong growth as various altcoins like $SOL $DOT $HBAR $TIA and even $BTC have experienced, the price pulls back 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 lateral movements within 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 (It is unlikely that the price will pull back this much)
- 0.02455 (It is unlikely that the price will pull back this much)
ENTRY POINTS:
- 0.03843
- 0.03558
PROFIT TAKING:
- 0.07552 (112% from entry at 0.03558)
- 0.08687 (144% from entry at 0.03558)
- 0.11945 (235% from entry at 0.03558)
- 0.15208 (327% from entry at 0.03558)
STOP LOSS:
0.02648
CONCLUSION:
If you were told it would be easy, you fell for their lies. If we are going to go "to da moon," we must fasten our seatbelts very tightly. It is NORMAL and HEALTHY for the market to pull back after 5 consecutive bullish weeks, and while $GALA has pulled back between 30% - 37%, it is likely to pull back even further, perhaps up to 45% - 52%, and these are opportunities to find BETTER POSITIONS and prepare adequately for the upcoming bullish weeks. I believe it is very likely that Gala will form a double top at the first resistance (0.04008) and deepen its pullback. If this were to happen, that would be an indicator to buy (remember to buy in fear and sell in greed). Timing is also very important; I think these next 2 weeks may open interesting buying opportunities in GALA and various altcoins. And would you buy your favorite projects if they offer you a 30% discount?