$GALA After rebounding at the 4H level, it was blocked by EMA20 (0.0040), and the current price is testing the previous low support area. The market shows a continuation pattern of decline, and bullish momentum is insufficient.
🎯 Direction: No Position (空仓)
Depth data shows that although the order book's buy depth (Bid/Ask Ratio: 1.89) seems strong, the 4H candlestick buy/sell ratio remains below 0.52, indicating weak active buying. Prices are suppressed below EMA20, and the RSI (46.72) is in a weak range, with a lack of rebound strength. Open interest (OI) is stable, but the funding rate is positive (0.01%), with no clear signs of short squeezing or main force accumulation.
The current strategy is to wait. If the price can break through and hold above 0.00407 (recent high and EMA20 resonance resistance), the downtrend structure will be invalidated, and a reversal may be considered. If it falls below 0.00382 (recent low and upper edge of the concentrated buy area), it may initiate a new round of decline. Remain cautious before the direction is clear.
Trade here 👇$GALA
---
Follow me: Get more real-time analysis and insights on the crypto market!
