$GALA Long Liquidation Alert

A significant $36.3K long liquidation occurred at $0.0412, indicating strong selling pressure.

This could signal a bearish continuation or a potential bounce opportunity depending on market behavior. Let’s dive into a detailed plan!

🎯 GALA Trading Plan (Step-by-Step):

1️⃣ Sell Zone (For Shorts)

Entry Range: $0.0410 - $0.0420

Look for a rejection near this zone to consider shorting.

OR

Buy Zone (For Longs)

Entry Range: $0.0395 - $0.0405

If price stabilizes near this support, it could present a buying opportunity.

2️⃣ Targets for Shorts

Target 1 (T1): $0.0395 (Immediate support level—secure partial profits).

Target 2 (T2): $0.0380 (Momentum-driven downside target).

Target 3 (T3): $0.0365 (Final bearish target if selling intensifies).

OR

Targets for Longs

Target 1 (T1): $0.0420 (First resistance—lock partial profits).

Target 2 (T2): $0.0435 (Major level for upward movement).

Target 3 (T3): $0.0450 (Breakout level for strong bullish continuation).

3️⃣ Stop Loss (SL)

For Shorts: $0.0430 (Above strong resistance to limit losses).

For Longs: $0.0390 (Below key support to protect capital).

💡 Key Insights

The liquidation suggests that bulls are losing momentum. Monitor volume and price action for clear signals.

If GALA breaks below $0.0395, it may continue downward.

A strong bounce above $0.0420 could flip momentum back to bullish.

🚀 Pro Tips for Success

1. Risk Management: Keep trades small—1-2% risk per trade is ideal.

2. Momentum Tools: Use RSI and MACD to gauge oversold or overbought conditions.

3. Stay Flexible: Be ready to adapt based on price action and market trends.

📊 The key to trading is patience and discipline. Follow the plan and let the market reveal the next move!

🌟 Trade smart, aim steady, and let GALA guide your gains!

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