$GALA Recently, a massive long liquidation took place with GALA (a popular cryptocurrency), with a value of $7.474K at the price of $0.03560. This indicates that a significant number of traders who were betting on the price of GALA going up have had their positions closed out due to price movement in the opposite direction.

What’s Next for GALA.

After a liquidation event like this, there can be strong price volatility. The market may continue to see fluctuations as traders react to the liquidation. Here's a simple breakdown of possible scenarios and trading levels for GALA.

Buy Zone.

Entry Price Range: $0.03300 to $0.03500

Reason: The price has been under pressure, but if it finds support around the $0.033 to $0.035 range, it could present a potential opportunity for buyers who expect a rebound. If price bounces back within this range, it can be considered as a potential buy zone.

Target.

Short-term Target: $0.03750 to $0.04000

Reason: If GALA starts to rise after finding support, the first resistance area to watch is around $0.03750. If it breaks through, the next target could be $0.04000. These levels are where GALA might face selling pressure from traders looking to take profits.

Stop-Loss Zone.

Stop-Loss Level: $0.03100

Reason: To protect against further downside risk, set a stop-loss just below the $0.03100 level. If the price drops below this level, it could indicate a further downward trend, so it's safer to exit the trade at that point.

Final Thoughts.

Monitor closely around the $0.033 to $0.035 range for potential buying opportunities.

Set clear targets at $0.03750 and $0.04000.

Protect your position with a stop-loss at $0.03100.

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