$GALA Massive Liquidation Alert.

A whopping $1,030.4K in shorts on just got liquidated at $0.03847, sending shockwaves through the market.

This dramatic event suggests that the bears got crushed, and the bulls might be gearing up for a counterattack. Short liquidations often fuel price surges as market makers scramble to cover positions, creating sudden buying pressure. Could this be the spark needed for its next leg up.

Key Insights:

Liquidation Level: $0.03753

Shorts Liquidated: $1,030.4K

Impact: Increased buying pressure, potentially signaling a reversal or continuation of bullish momentum.

What’s Next for $GALA

1. Support Zone: Watch for a strong support around $0.03750.

2. Resistance Levels: $0.0400 and $0.0430 could act as key barriers for further upside.

3. Market Sentiment: If bulls maintain the momentum, we might see higher highs soon.

Pro Tip for Traders: Use this opportunity wisely. Consider tighter stop-losses if you're bullish, and avoid getting caught in volatile moves if you're shorting.

Do you think this liquidation is a turning point for $GALA or is it just a bull trap.

Share your thoughts.

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