$GALA



Left chart confirms we're still in the WXY corrective structure.
Right chart shows price movement in a channel without WXY lines.

Channel Dynamics:

Price is oscillating in a channel, rejecting from the middle.Key Support: 0.0342, repeatedly tested and holding for now.

Bearish Confirmation:
A close below 0.0342, followed by a backtest or direct collapse through the channel, signals further bearish bias.

Targets:

First Target: 0.02761 (786 Fib level).Second Target: 0.02449 (weekly support).Breakdown below 0.02962 (previous low) confirms a straightforward Y correction.

Technical Indicators:

4-hour timeframe is overbought, making it an ideal setup for a breakdown.Market may remain slow, but a sharper move down would align with current bearish momentum.

An invalidation of my theory would be if price pumps and breaks above $0.040 this will require me to reconsider my bearish bias.
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