#GALA

2025.01.09

UTC:20:25

Things are not going well for GALA and the general market. If we cannot rise above 0.03395 by 00:00 UTC today, we will have lost the demand area downwards and the green area we are following will be gone from the chart. I hope we can somehow manage to return.

If we lose the demand area after 00:00, we cannot see 0.02950 as a support level. Support is one thing, the level where there is liquidity is another. We cannot draw a horizontal line and say this is support unless the whale shows it to us.

Should we upset morale?

I think there is no need to upset it. We all have coins at certain costs on the spot side. We are not in a position to sell to the whale at a loss.

The next active long from 0.02950 long is at 0.017. Therefore, it is best to watch without doing anything, wait for the new demand area to form and turn.

If it falls below 0.02950, ​​it will be evidence of a bear market that started at 0.03395 (it does not matter how many days it lasts, the outlook is clearly a bear market) and in this case, we should not add as it falls.

Our medium-term target is 0.08677. For now, let's think about this instead of the potential loss. 1 week or 1 month later. Whenever it will be.

We will make another situation assessment according to the current chart tomorrow.

We are together on this path until the end.