๐ Recent Movement: Gala's price reversed off the $0.02 - $0.022 support area, coinciding with the 0.618 Fibonacci level between the low in October last year and the recent high.
๐ Key Areas: Strong support expected in the $0.02 - $0.022 range. Price reached the next resistance at $0.026.
๐ Anticipated Movement: Possibility of a retracement to test $0.02 - $0.022, offering a potential entry level. Expectation influenced by favorable ETF news and BTC holding support.
๐ฏ Profit and Resistance Levels: Potential profit-taking area (TP) at $0.035 - $0.038. If surpassed, Gala could aim for the next resistance at $0.042 - $0.045.
โ ๏ธ Risk Management: Set a stop loss just below the $0.02 support level.