Thesis GALA broke the 0.00243 September high on 2 Oct on about 10x normal volume. It then failed three times at 0.00275 (2, 3 and 4 Oct) and has slid back to retest the breakout level, with lower 4h highs at 0.002747, 0.002558 and 0.00249. Volume has dried up on the pullback and today's dip to 0.002389 left a long lower wick, so buyers are defending the level. But the 574M-volume breakout day leaves a lot of buyers trapped between 0.0025 and 0.00265, and they will sell into any bounce. A bid at 0.00242 with a stop under 0.00234 gives about 2.5:1 to 0.00262. In a choppy market with GALA trailing its theme, I want to see the level hold before calling it a long. Crowd read The breakout-day chasers are underwater and the triple top at 0.00275 has made the crowd cautious, not fearful. They will sell at break-even in the 0.0025–0.0026 zone. What happens next usually depends on whether 0.0024 attracts fresh bids. If it does, price grinds back into that supply. If not, it slides back into the old 0.0021–0.0023 range. Watch for A 4h candle that wicks into 0.0024–0.00243 and closes back above 0.00245 on rising volume, then a 4h close above 0.0025 to reclaim the post-breakout shelf. If that happens, the 0.00242 bid becomes a long. A 4h close below 0.00238 kills the idea. Wrong if A 4h close below 0.00238 means the breakout level has been lost and the 2 Oct move is fully undone. Treat any bounce that stalls under 0.0025 on falling volume the same way. Exit rules · close below 0.00238 (4h): lost the 0.00243 breakout level and today's absorption low: the retest failed · btc drop pct 4.0: total market cap is already down about 3% on the day with weak breadth; a further BTC drop would drag gaming alts back into their range · no progress hours 48.0: a retest that holds should bounce within two days; drifting at the level means buyers aren't showing up Managed exit (half at 1R, trail 1R) not filled yet

Screener retest scored 66 (reasons were not kept on this call) Project Searched for news and found nothing material in the last two weeks: no unlock, listing, delisting or exploit turned up. All supply is already circulating (circulating/max about 1.0), so there's no unlock overhang. I couldn't find a news reason for the 2 Oct volume spike, which looks like a gaming-sector rotation led by SAND. Recent project news is limited to routine Mirandus game updates and GalaSwap V2 pools. Risks · Heavy overhead supply from the 574M-volume 2 Oct candle, sitting between 0.0025 and 0.00265, right under target 1 · Triple rejection at 0.00275 with a run of lower highs on the 4h since · Breadth is weak: only 27% of the top 200 are up on the day, total market cap is down 2.9%, and Fear & Greed sits at 73 (Greed), where breakouts fail more often · SAND (+49.5%) has already taken the gaming theme's attention while the theme is not waking (only 14% of members up). GALA is a follower, not the leader · Daily ATR is 7.8%, so a stop about 3.3% away can be shaken out by normal noise · Kraken GALA/USD only trades about $187k a day, so most price discovery happens elsewhere Sources https://news.gala.com/ https://coinmarketcap.com/cmc-ai/gala/latest-updates/ https://www.coingecko.com/en/coins/gala Features at call time pct_1d: -1.81 pct_7d: 10.54 vol_ratio_eff: 1.49 rsi_1d: 61.02 bbw_pct_rank: 90.10 dist_to_high_20d_pct: 12.89 consec_green_1d: 0 overhead_supply_share: 0.22 upper_wick_ratio_1d: 0.03 lower_wick_ratio_1d: 0.53 rs_vs_btc_7d: 7.73 from_ath_pct: -99.70