【$GALA Signal】Empty Position Waiting for Key Support Confirmation

$GALA Rebounded on the 4H timeframe but was rejected at EMA20 (0.0040). The current price is testing the previous low support area. The market shows a bearish continuation pattern, with insufficient bullish momentum.

🎯 Direction: No Position (NoPosition)

Depth data indicates that although the order book buy-side 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 the 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 volume-break and hold above 0.00407 (recent high and EMA20 resistance resonance), the downtrend 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 downtrend may begin. Stay on the sidelines until the trend becomes clear.

Trade here 👇 $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 #Gate广场发帖领五万美金红包