【$GALA Signal】Hold cash and wait for the downward momentum to exhaust

$GALA is struggling above a key support level, but the downward momentum and persistent active selling pressure indicate that the bulls' defense line is being tested.

🎯 Direction: Hold cash

The price repeatedly tests the 0.00396-0.00402 range, with 4H candlesticks showing lower highs on each rebound, and the buy/sell ratio remains below 0.5, indicating that active selling is dominant. Open interest remains stable while the price declines, combined with negative funding rates, this is not simply a bull liquidation but more like the main force distributing in an orderly manner. The order book above 0.00402 is stacked with large sell orders, forming a clear resistance.

Currently, there are no clear contrarian buy signals. It is necessary to wait for the price to show signs of absorption of buy orders and exhaustion of sell pressure at lower levels (such as 0.0038-0.00385), or a strong volume breakout above the previous high of 0.00417 before considering a change in direction.

Trade 👇 $GALA

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