GALA - Short setup

Dec 2, 2023

GALA closed back in the smaller fixed range pull, now back testing the Value area high.

Ultimately aiming for the 0.75 fib, but it could very well rally up if it holds 0.5 fib(also the value area low of the larger fixed range pull) as gaming tokens usually run at a different time, separate from other narratives.

Dec 4, 2023

Note

Unfortunately this trade setup was invalidated. It is hard to predict as gaming tokens usually don't follow the rest and also the recent BTC volatility.

No short trades for GALA, because it could just pump from here. I would like to see at least the high on the left to be taken out before even considering a short as I think BTC still could go higher. Definitely would monitor BTC price if you are looking for shorts