【$GALA Signal】Pullback to buy, 1H level RSI bottom divergence, signs of main force defending the market

$GALA The 1H level is forming a small platform around 0.0034, RSI shows bottom divergence signal, price is declining but open interest remains stable, indicating main force is defending rather than distributing. Although the 4H level is in a downtrend channel, it is approaching the lower end of the previous dense trading zone, with bearish momentum weakening. In the current negative fee environment, a firm price suggests a potential short squeeze signal.

🎯 Direction: Long (Long)

⚡ Entry/Order: 0.00336 - 0.00339

🛑 Stop Loss: 0.00328

🚀 Target 1: 0.00355

🚀 Target 2: 0.00365

🛡️ Trading Management:

- Execution Strategy: Reduce 50% of the position after reaching Target 1, and move the stop loss up to the entry price. Trail the remaining position for profit-taking; if the price falls below the 1H EMA20, exit all positions.

Deep Logic: Price declines but open interest remains stable, indicating it’s not a large-scale long liquidation but rather main force absorbing the dips. The 1-hour RSI has formed a bottom divergence, with significant buying depth below 0.0034 providing solid support. Combined with negative fees, short positions have high costs, making a rebound likely to trigger a short squeeze. Currently, the price is far from the 4H EMA50, oversold in the short term, with a strong rebound demand.

View real-time market 👇 $GALA

---

Follow me: Get more real-time analysis and insights on the crypto market! $BTC $ETH $SOL
‍#我在Gate广场过新年 #元宵赏月领红包