A few days ago, a good brother asked me what I think of $GALA ?

First, let’s look at the fundamentals

The currency is named 89, with a current market value of US$707 million. It was issued in September 2020 at the beginning of the last bull market! The historical lowest price is 0.000151, and the highest price is 0.836685. It has a violent factor, with institutions and dealers, but is the dealer still there? It is worth pondering!

It was pulled up once in early January 23 and once in February 24! Every pull-up is a shipment! It is currently a cycle of one and a half years. During this period, many potential currencies have made excellent achievements, but gala still routinely pulls up and falls back, and even falls deeper!

Let’s look at the technical side

This coin is now back near the water surface, and it is far away from the shore! This section of the water surface and the shore surface can be regarded as a return expectation! There is roughly 2.51 times the space!

Now is not a good time to enter the market! But when it pulls back to the surface, it is time to enter the spot position, which is only 5% of the total planned investment!

There are two underwater areas, the deeper the more you buy! If you look from the seabed of the deep water area to the land surface, there is 5.25 times the space!

Currently it is in a downward trend. According to the entanglement theory, 0.01837 is the first buying point, and 0.01744 is the second relative buying point!

I am not optimistic about the long-term high return of this coin! Although there are investments from Grayscale, Binance, DWF, and Gamefi, Grayscale's narrative is poorer than this round. The narrative may be good in the previous round, but it is very bad now. Double-edged sword! As the gene of NFT, it is not too bad for this round of bull market!

But it is still a very good target product to play a mid-term return! If the entry point and position are well controlled, the probability of this coin returning to zero is not high, it is relatively stable, and the return rate should be able to outperform the big cake at will!

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