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Something is brewing with $GALA and most people are looking the wrong way.
We finally have some life after that ugly drop to $0.00268. The price is sitting at $0.00333 right now and the 1D chart is showing a nice little rounded bottom forming. It's not a moon mission yet but the structure is definitely shifting.
The most interesting part is the order book. We have 76% buy pressure right now. That is a massive wall of bids compared to the sellers. Usually when you see that kind of imbalance it means the floor is getting very solid.
Resistance is sitting right around the $0.0035 level. If we can clear that then we might actually see a run back toward $0.0037. If it fails here though expect a slow bleed back to $0.0030 to test the buyers again.
Are we bottoming out here or is this just another trap?
#Gate13thAnniversaryLive