$GALA #Write2Earn Greetings, fellow enthusiasts! My enthusiasm for GALA remains steadfast, driven by compelling indicators. A meticulous examination of both the 1-hour and 4-hour candle charts reveals a fascinating trend: following the breakthrough of the 0.04940 resistance, the price has gracefully hovered around 0.04839, buoyed by the 50EMA, thus fortifying 0.049 as a robust support level. Furthermore, a closer inspection of the 24-hour candle chart unveils a bullish closure, instilling confidence in the upward trajectory. My entry point, at 0.0499, aligns with this optimistic outlook.
Let's consider potential scenarios: Firstly, should no candle close below 0.049 in the imminent hours or days, a rally towards the next resistance at 0.06128 is all but inevitable. Secondly, in the event of a temporary dip, should any 1-hour or 4-hour candle breach the 0.049 threshold, there's no cause for alarm. Such a dip may see the price briefly test 0.046 before rebounding to retest the 0.049 level, potentially heralding a new trend.
A reminder: This analysis is not financial advice. I urge you to conduct your own research (#DYOR) and safeguard your investments diligently!