【$GALA Signal】1H Oversold Rebound Play, Main Force Supports Price in Negative Fee Environment

$GALA The 1H timeframe is in an extremely oversold zone, with RSI dropping to 27.13 on the 1H chart, indicating a technical rebound demand. Although the 4H timeframe remains in a downtrend, open interest (OI) stays stable and has not decreased significantly with the price decline, and the funding rate remains negative (-0.0417%), suggesting a risk of short squeeze. The latest 1H candlestick found buying support in the 0.00374-0.00375 range, forming a long lower shadow, which may indicate short-term selling pressure is weakening. The order book shows buy depth (0.00375-0.00365) is much thicker than sell depth (0.00377-0.00382), with an imbalance rate of 31.85%, indicating strong support below.

🎯 Direction: Long (Long)

🎯 Entry/Order: 0.00378 - 0.00380 ( Reason: Breakout of the current 1H candlestick high and EMA20_1H resistance, confirming rebound momentum )

🛑 Stop Loss: 0.00372 ( Reason: Falling below previous low support and the lower boundary of dense buy zones, invalidating the rebound structure )

🚀 Target 1: 0.00392 ( Reason: Resistance at the previous high on the 4H chart and EMA20 resistance )

🚀 Target 2: 0.00405 ( Reason: Upper boundary of the 4H downtrend channel and previous platform resistance )

🛡 Trading Management:

- Position Size: Light ( Reason: The 4H trend remains bearish; this is a counter-trend rebound play with higher risk )

- Execution Strategy: After reaching Target 1, reduce position by 50% to lock in profits, and move the remaining stop loss up to the entry price of 0.00380. If the price fails to hold above 0.00380 and falls back, exit immediately.

Depth Logic: Price declines but OI remains stable, and in a negative funding rate environment, short positions have high costs, with potential for a short squeeze. The 1H RSI is severely oversold, and technical correction is imminent. The key is whether the price can quickly recover and hold above 0.00380, which will attract short covering and long entries. If the price directly breaks below 0.00372, abandon the long idea, and the downside could open up to 0.00360.

Check real-time market 👇 $GALA

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