$GALA Long Liquidation: $7.6364K at $0.05045

A long liquidation worth $7.63K occurred as GALA dropped to $0.05045,

leading to forced selling pressure on long positions.

Details:

Type: Long Liquidation

Amount: $7.6364K

Price: $0.05045

What Happened?

The market pushed below support, causing leveraged long positions to liquidate.

This event signals bearish momentum in the short term for GALA.

What’s Next?

1. Support Zone: $0.048–$0.05

Look for signs of price stabilization in this area.

2. Resistance Zone: $0.052–$0.055

A recovery above this level could indicate bullish sentiment returning.

Trading Strategy:

For Bulls:

Watch for consolidation near $0.048 for potential entry points.

Set tight stop-losses to manage risk in case of further downside.

For Bears:

If price breaks below $0.048, short opportunities may arise targeting $0.045.

Market Outlook:

While the liquidation reflects bearish pressure, a rebound from support could present a fresh upside opportunity.

Focus on key levels to gauge the next move.

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