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Hi friends hope you are well, and welcome to the new update on Gala token.
After breaking down a significant support of $0.07, now Gala is dropped at the next support of $0.05, infact from $0.05 to $0.043 can be a very strong support zone for Gala.
On an hourly time frame, Gala has formed a rising wedge pattern, which is a bearish biased pattern.
But as Bitcoin has already broken out a channel and re-testing the resistance of the channel.
If BTC starts any upward move from here, then Gala can breakout the resistance of Wedge. You can watch detailed analysis in the video.
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You can also support my work at Patreon for more ideas:
https://www.patreon.com/moon333
To check the Patreon trade success testimony, you can watch this pinned post:
https://www.patreon.com/posts/63774800
In order to play and watch the current performance of the chart you need at least a free account on tradingview:
https://www.tradingview.com/gopro/?share_your_love=moon333
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Link for Binance exchange, to trade crypto:
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Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
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