$GALA A: Eyeing a Potential Breakout?

The weekly chart for GALA is showing a descending triangle pattern—a formation often signaling a strong breakout move.

Current price action indicates momentum building for a potential upward breakout,

with key targets set at $0.063,

$0.086, $0.165, and $0.27,

offering up to 5x returns.

Key Technical Highlights:

Volume: Declining, suggesting a squeeze before a volatile move.

Support Zone: Holding near $0.015,

a critical level for bulls to defend.

Resistance Zone: Around $0.027, needs to break with volume confirmation.

Strategy:

1. Wait for Confirmation: Watch for a breakout above $0.027 with increased volume.

2. Entry: Enter on a confirmed close above the resistance or after a retest of the breakout level.

3. Targets: Gradual profit-taking at key resistance levels, starting at $0.063 and beyond.

4. Stop-Loss: Below $0.015 to manage risk effectively.

Caution:

Breakouts often face false signals; monitor price action closely.

A failure to break $0.027 could result in a retest of lower levels.

Stay sharp and always trade with proper risk management!

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