【$GALA Signal】Pullback to go long + 1H oversold rebound

$GALA The 1H timeframe is in the oversold zone, and the price has broken below the short-term moving average, but the 4H timeframe has formed a dense trading zone around 0.0033, with open interest remaining stable and no signs of panic selling. The current price is testing strong support from buy orders below, and the 1-hour RSI shows signs of bullish divergence, indicating brewing upward momentum.

🎯Direction: Long (buy on dip)

⚡Entry/Order: 0.00326 - 0.00329

🛑Stop Loss: 0.00318

🚀Target 1: 0.00345

🚀Target 2: 0.00355

🛡️Trade Management:

- Execution Strategy: Reduce 50% of the position after reaching Target 1, and move the stop loss up to the entry price. Hold the remaining position to aim for Target 2. If the price pulls back below Target 1, close all positions.

Order Book Logic: Despite the price decline, open interest remains stable, indicating that large-scale liquidation by major players is unlikely, and it appears more like a long leverage washout. The order book shows unusually thick buy orders in the 0.0032-0.0033 range below, forming a strong support wall. The 1H RSI has entered oversold territory and shows divergence, combined with negative funding rates, suggesting potential for a short-term short squeeze rebound. The 4H structure is still in consolidation, but the 1H rebound opportunity is worth positioning for.

View real-time market 👇 $GALA

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