Massive Liquidation Alert: $GALA

The crypto market just witnessed a significant long liquidation for. A whopping $6.2829K was liquidated at the price level of $0.03504.

This indicates that bulls were caught off-guard, failing to defend a crucial support level. The market's volatility remains high, and traders are advised to watch the charts closely.

Key Insights:

🔹 Liquidation Amount: $6,282.90

🔹 Liquidation Price: $0.03506

🔹 What Happened.

A cluster of leveraged long positions hit their stop-outs, amplifying selling pressure and pushing the price lower.

Current Market Dynamics:

1. Price Action: $GALA is currently hovering near $0.035, flirting with critical support levels.

2. Support Zone: Strong buying interest could emerge around $0.032 - $0.033.

3. Resistance Levels: If bulls regain control, the price might test $0.038 - $0.040.

Strategy for Traders:

Buy Zone: $0.032 - $0.033 (if market shows bullish divergence).

Targets:

Target 1: $0.037

Target 2: $0.040

Stop-Loss: Below $0.031 (to manage risk).

This liquidation could be a setup for either a sharp recovery or a continuation of bearish momentum. Stay vigilant, and trade wisely.

#GALA/USDT #BinanceAlphaAlert #BTCXmasOrDip? #SolvProtocolMegadrop #BTCMiningPeak