Thesis GALA broke its 0.00236–0.00243 ceiling on 2 Oct on 574M volume, about 6–10x normal. Since then it has made two failed pushes at 0.00275 (3 and 4 Oct) and four lower daily highs, and volume has faded every day. It is now back at the old ceiling: today it dipped to 0.002389 and was bought back above it, leaving a long lower wick. Reward to 0.00268 against a stop under 0.00235 works out at about 2.3:1. But with daily swings averaging 7.8%, the stop sits inside normal noise, and the retest has not proved it is holding. Crowd read The people who chased the 2 Oct spike are trapped between 0.0025 and 0.00275, and they sold every bounce into that zone. Fading volume and lower highs say buyers are tired, not loading up. Retests like this usually need a second flush to clear weak holders before the level really holds. In a market showing Greed with weak breadth, that flush could go through 0.0024. Watch for Buy only if 0.00240–0.00243 holds on a 4h close with another lower-wick rejection, then a 4h close back above 0.0025 on volume above recent 4h bars (more than about 25M). That would upgrade this to long, with the stop at 0.00232. If the 4h closes below 0.00238, forget it. Wrong if A 4h close back under 0.00238 means price is back inside the old range and the breakout has failed. A bounce that stalls below 0.0025 on falling volume and then rolls over would also show the retest has no buyers behind it. Exit rules · close below 0.00238 (4h): Back inside the pre-breakout range below the 0.00243 level: the retest failed · btc drop pct 4.0: BTC losing 4% drags thin-volume alts like GALA through support · no progress hours 72.0: A good retest bounces within a few days; drifting sideways means the buyers have gone Managed exit (half at 1R, trail 1R) not filled yet

Screener retest scored 67 (reasons were not kept on this call) Project Nothing material found for the last two weeks: no unlocks, hacks, delistings or new listings came up. Circulating supply is already 100% of max, so there is no unlock overhang. Older community chatter mentions ongoing token distribution to Bware Labs creating sell pressure. The 2 Oct volume spike has no obvious news behind it and looks like the gaming/NFT rotation led by SAND. Risks · Two rejections at 0.00275 within 24 hours put trapped supply right under target1. Price may stall at 0.0026–0.0027 even if the retest holds. · Kraken's own GALA/USD volume is only about $190k in 24h, so one market order can stab a stop through the 0.0024 wick zone. · SAND is up about 50% on the week and leads the NFT/gaming group. If the leader rolls over, GALA, which tends to follow SAND, gets sold with it. · Total crypto market cap fell 2.8% in 24h, only 26% of the top 200 are green, and Fear & Greed reads 73 (Greed). Breakouts fail more often in this backdrop. · The 0.0025 round number sits just overhead, and today's sellers were active there. Sources https://coinmarketcap.com/cmc-ai/gala/latest-updates/ https://news.gala.com/ https://www.coingecko.com/en/coins/gala Features at call time pct_1d: -1.41 pct_7d: 11.00 vol_ratio_eff: 1.49 rsi_1d: 61.48 bbw_pct_rank: 90.10 dist_to_high_20d_pct: 12.43 consec_green_1d: 0 overhead_supply_share: 0.22 upper_wick_ratio_1d: 0.03 lower_wick_ratio_1d: 0.63 rs_vs_btc_7d: 8.21 from_ath_pct: -99.70