【$GALA Signal】No Position - Waiting for Key Support Confirmation

$GALA After rebounding on the 4H timeframe, resistance was encountered at EMA20 (0.0040). The current price is testing the previous low support area. The market shows a downward continuation pattern, with insufficient bullish momentum.

🎯 Direction: No Position (NoPosition)

Order book depth data indicates that although buy order depth (Bid/Ask Ratio: 1.89) appears strong, the 4H candlestick buy/sell ratio remains below 0.52, indicating weak active buying. The price is suppressed below EMA20, and RSI (46.72) is in a weak zone, showing no rebound strength. Open interest (OI) is stable, but the funding rate is positive (0.01%), with no clear signals of short squeeze or main force accumulation.

The current strategy is to wait. If the price can increase volume and break above and hold at 0.00407 (recent high and EMA20 resistance resonance), the downward structure will be invalidated, and a reversal can be considered. If it breaks below 0.00382 (recent low and upper boundary of dense buy orders), a new downward wave may begin. Stay observant until the direction is clear.

Trade 👇 here $GALA

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