【$GALA Signal】Long and short battle, waiting patiently for 1H level direction choice

$GALA The 1H level is currently oscillating near the critical EMA20 (0.0036), with intense competition between bulls and bears. Although the 4H level remains in a downtrend channel, the latest 4H candlestick closed bullish, indicating buying support below. The current price is declining but open interest remains stable, suggesting it’s not major players offloading, but rather a shakeout after a bull liquidation, preparing for a trend reversal.

🎯 Direction: Watch and observe ( Pending orders )

⚡ Pending order strategy:

- Long trigger: Price breaks above and stabilizes at 0.00365 ( Reason: Breaks through 1H EMA20 and previous hour’s high, confirming short-term bullish momentum )

- Short trigger: Price falls below 0.00353 ( Reason: Breaks below recent 1H dense trading zone’s lower boundary and previous support )

🎯 Entry / Pending orders:

- Long entry: After breakout, retest in the 0.00362 - 0.00364 zone ( Reason: Retest after breakout confirmation )

- Short entry: After breakdown, rebound in the 0.00355 - 0.00357 zone ( Reason: Confirmation of pullback after breakdown )

🛑 Stop-loss:

- Long stop-loss: 0.00353 ( Reason: Break below key support, invalidating structure )

- Short stop-loss: 0.00365 ( Reason: Reclaim EMA20, invalidating short thesis )

🚀 Target 1:

- Long target: 0.00378 ( Reason: Resistance near 4H previous high and EMA50 )

- Short target: 0.00342 ( Reason: Previous low and daily support zone )

🚀 Target 2:

- Long target: 0.00388 ( Reason: 1.618 Fibonacci extension level )

- Short target: 0.00335 ( Reason: Strong daily support level )

🛡️ Trading management:

- Position suggestion: Light position ( Reason: Unclear direction, waiting for breakout confirmation, high-risk game )

- Execution strategy: Once either side is triggered, if the price quickly moves toward Target 1, reduce position by 50% near Target 1, and move stop-loss to entry price for remaining position. If after entry the price quickly reverses and hits stop-loss, abandon the trade and wait for the next signal.

Deep logic: Order book data shows buy-side depth (0.00346-0.00353) significantly thicker than sell-side, indicating potential support. 1H RSI at 43, neither overbought nor oversold, leaving room for upward movement. Key focus on the price action around 0.00365 (resistance) and 0.00353 (support); breaking either level will trigger a short-term directional move. Funding rate is slightly positive, no extreme short squeeze conditions, but open interest remains stable, indicating funds have not exited.

Check real-time market 👇 $GALA

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