【$GALA Signal】1H breakout pullback confirmation, main force supports the market, targeting short-term short squeeze

$GALA The 1H timeframe is strongly consolidating above the EMA20 (0.0040), just testing the previous high of 4H at 0.00406. After a 6.68% increase, the price has not retraced significantly, and open interest (OI) remains stable, indicating that major funds have not exited, with potential for a short squeeze. The 1H RSI (60.01) is healthy, buy-side depth (bid_ask_ratio_depth=1.96) is far stronger than sell-side, with order book imbalance at 32.41%, showing bullish momentum concentration.

🎯Direction: Long (Long)

🎯Entry/Order: 0.00398 - 0.00400 (Reason: 1H EMA20 dynamic support and dense buy zone in the order book )

🛑Stop Loss: 0.00392 (Reason: Break below the 1H previous low and the 4H candlestick support level )

🚀Target 1: 0.00410 (Reason: Recent resistance level and upper boundary of the order book sell zone )

🚀Target 2: 0.00425 (Reason: Daily previous high resistance and Fibonacci 0.618 extension level )

🛡️Trade Management:

- Position Size: Standard position (Reason: 1H and 4H momentum resonance, strong order book support )

- Execution Strategy: When the price reaches 0.00410, reduce position by 50% to lock in profits, and move the remaining stop loss up to the entry price of 0.00400. If the price strongly breaks through 0.00410 and stabilizes, consider raising the remaining target to 0.00425.

Depth Logic: Market logic indicates an upward trend. Combined with stable open interest (OI Stable) and buy-side depth advantage, this is not just a simple short squeeze but looks more like major players actively supporting the market and absorbing buy orders. The 1H EMA20 has crossed above EMA50 to form a golden cross, indicating a short-term bullish trend. The funding rate at 0.01% is positive but not excessive, showing no signs of overenthusiasm, which is healthy for a bullish environment. The current price is tightly hugging the 1H EMA20, making it an excellent opportunity for trend-following low buy-in.

Check real-time quotes 👇 $GALA

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