Thesis GALA broke out of its September range (0.00236–0.00243) on 2 Oct with about 6x normal volume. It then topped twice at 0.00275 and has pulled back on falling volume into the old breakout zone. Today's candle dipped to 0.002389, below the 0.00243 level, and was bought straight back, leaving a long lower wick (lower-wick ratio 0.85). That reads as a classic retest that is holding, with sellers running out. Bidding at 0.00244 with the stop under the retest low and the 0.0024 round number gives about 4% risk against about 11.5% to just under the double top (2.8:1). Crowd read The chasers from 2 Oct have been shaken out over four quiet red-to-flat days, and the first dip back into the breakout zone found buyers. That is absorption, not panic. Holders who bought at 0.00275 are waiting to sell at break-even, so the first push back up will probably stall there. But that would be the third test of the level, and third tests tend to give way if the market holds. Watch for Bid at 0.00244. If it fills, you want a 4h close back above 0.0025 on rising 4h volume within a day or two. A daily close above 0.00276 confirms the third test is breaking and opens 0.0029. If price runs to 0.0026 without filling the bid, don't chase it. Wrong if A 4h close back below 0.0024 would mean the breakout zone has turned back into resistance and the 2 Oct move was a one-day spike. A further warning is a bounce to 0.0026 on weak volume that rejects, leaving a lower high under the 0.00275 double top. Exit rules · close below 0.0024 (4h): Back below the breakout zone and the 0.0024 round number: the retest failed · btc drop pct 4.0: BTC is down 4%: market breadth is already thin, so alt retests won't hold · no progress hours 48.0: Two days after the fill and still not above entry: buyers aren't stepping in Managed exit (half at 1R, trail 1R) not filled yet

Screener retest scored 70 (reasons were not kept on this call) Project No unlocks, hacks, listings or other material news found for the last two weeks. All supply is already circulating (ratio about 1.0), so unlock risk is low. The 574M-volume day on 2 Oct has no visible news catalyst and looks like theme rotation behind SAND. GALA is not trending on CoinGecko, which is good: attention hasn't peaked. Risks · Double top at 0.00275 with sell-offs on 3 and 4 Oct. Trapped buyers will sell into any return to that level, which is why target1 sits just under it at 0.00272 · SAND is up 51% this week and leading the Gaming theme, but the theme is fading today (median -2.2% on the day, only 5.9% of members up). If SAND unwinds, GALA likely gets dragged down with it · The overall market is soft: total crypto market cap is down 2.8% in 24h, the median top-200 coin is flat on the week, and Fear & Greed sits at 73 (Greed), where breakouts fail more often · Kraken's GALA/USD book is small (about $183k in 24h). Fills are fine at £2,000, but a wick through 0.00234 could overshoot the stop · The daily close is still 10% above the 20-day EMA, so a deeper reset towards 0.0023 can't be ruled out 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: -0.52 pct_7d: 11.99 vol_ratio_eff: 1.49 rsi_1d: 62.52 bbw_pct_rank: 90.10 dist_to_high_20d_pct: 11.43 consec_green_1d: 0 overhead_supply_share: 0.22 upper_wick_ratio_1d: 0.03 lower_wick_ratio_1d: 0.85 rs_vs_btc_7d: 8.99 from_ath_pct: -99.70