$GALA is facing resistance at EMA20 (0.0040) after a rebound at the 4H level, and the current price is testing the previous low support area. The market shows a downward continuation pattern, and bullish momentum is insufficient.
🎯 Direction: No Position
Depth data shows that although the order book's buy depth (Bid/Ask Ratio: 1.89) seems strong, the 4H candlestick buy/sell ratio continues to be below 0.52, indicating weak active buying. The price is suppressed below EMA20, and the RSI (46.72) is in a weak range, showing a lack of strength in the rebound. Open interest (OI) is stable, but the funding rate is positive (0.01%), and there are no clear signs of a short squeeze or accumulation by the main force.
The current strategy is to wait. If the price can break through and stabilize above 0.00407 (recent high and EMA20 resonance resistance), then the downward structure will fail, and a reversal may be considered. If it breaks below 0.00382 (recent low and the upper edge of the dense buy area), it may trigger a new round of decline. Maintain a wait-and-see approach until the direction is clear.
Trade here 👇$GALA
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