$GALA Short Liquidation Alert.
A massive $5.92K liquidation was triggered as $GALA surged to $0.04247. Traders betting against the token faced a shocking moment as the price climbed, liquidating short positions in a dramatic twist.
This liquidation indicates growing momentum in the market, with bulls overpowering bears at a critical level. Such liquidations often act as fuel for price movements, sparking volatility and potentially pushing the price higher as bears scramble to close positions.
Key Points to Watch:
Current Resistance Zone: $0.043–$0.045
Immediate Support Level: $0.040
Possible Upside Targets: $0.046 and $0.050
Potential Risk: A breakdown below $0.040 could lead to a deeper correction.
The short liquidation highlights the importance of tracking key levels in volatile markets like $GALA . Are the bulls taking charge? Or will the bears strike back? Keep your eyes peeled for the next thrilling move in the market.
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