$GALA Long Liquidation Update
A long position worth $6.28K was liquidated at $0.03506.
What’s Next?
After this liquidation, $GALA might experience volatility. Let’s look at key areas for possible trade setups:
Buy Zone:
$0.0325 - $0.0340
This is a strong demand zone. Wait for price action signals like bullish candles or increased volume.
Targets:
1. Short-Term Target: $0.0370
This is the first resistance level. Secure some profits here.
2. Mid-Term Target: $0.0395
A breakout above $0.0370 can lead to this next target.
3. Long-Term Target: $0.0420
If bullish momentum continues, this will be the major resistance to watch.
Stop Loss:
Place your stop-loss at $0.0318.
This is below the key support zone to minimize risks.
Key Tips:
1. Always monitor volume and Bitcoin's movement, as $GALA often follows the broader crypto market trend.
2. Use a 1-2% risk per trade rule to manage your portfolio.
3. Be patient and wait for confirmations before entering trades.
Remember: This is not financial advice. DYOR (Do Your Own Research) before making decisions.
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