【$GALA Signal】Pullback to Long + 1H Oversold Rebound Play

The 1H timeframe has temporarily stabilized around 0.00407 after a volume-driven decline, with RSI$GALA 1H( reaching 35.86 in the oversold zone, indicating a technical rebound demand. The 4H timeframe remains in a downtrend, but the rapid decline on the 1H has released some bearish momentum. Market depth shows unusually thick buy orders in the 0.004-0.00403 range (over 210 million in total), indicating potential support from major players. Open interest remains stable, not a panic sell-off, making it suitable for a short-term rebound play.

🎯 Direction: Go Long )Long(

🎯 Entry/Order: 0.00407 - 0.00410 ) Reason: 1H previous support zone & dense buy orders at the lower end (

🛑 Stop Loss: 0.00397 ) Reason: Break below previous day’s low & lower boundary of major buy zone (

🚀 Target 1: 0.00425 ) Reason: 1H EMA20 resistance & yesterday’s rebound high (

🚀 Target 2: 0.00435 ) Reason: Upper boundary of 4H downtrend channel & near February 14 high (

🛡️ Trading Management:

- Position Size: Light ) Reason: 4H trend still bearish, this is a counter-trend rebound play (

- Execution Strategy: If price rebounds to around 0.00418 (near 1H open price), consider partial profit-taking and move stop loss to entry price. If a strong breakout above 0.00425 occurs, hold remaining position towards Target 2.

Depth Logic: Current price is declining but open interest remains stable, indicating it’s not major liquidation but possibly long leverage clearing. The buy/sell ratio has not deteriorated excessively during the decline, and selling pressure is weakening. A bullish divergence on the 1H RSI has appeared; if the price consolidates or slightly rebounds in support zone, it will confirm. Sell orders above are relatively thin at 0.00413-0.00418, so initial resistance on rebound is low. The key is whether the price can build a 1H double bottom or platform above 0.00407.

Trade here 👇 )
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