🔴 $GALA Longs CRUSHED — $39.8K Liquidated at $0.0159!
BOOM! The bulls just got slaughtered.
A massive $39,800 worth of long positions on #GALA were liquidated at $0.0159, sending the price plummeting and shaking the market to its core.
What went wrong?
Bulls piled in, expecting #GALA to rally, but the market took a sharp turn. Once price broke critical support, margin calls flooded in, triggering forced sell-offs and cascading liquidations, causing the price to dip further.$GALA
Why this matters:
Massive liquidation events signal an over-leveraged bullish market.
This sells into the market, causing further price drops as traders are forced out of their positions.
Weak hands have been shaken out, and now the market faces the aftermath of this brutal unwind.
Market Sentiment:
Nervous. Caution. On edge.
With $GALA's price under pressure, traders are now watching the key levels closely to see if there's any hope of a reversal or if this is just the beginning of a larger pullback.
Key Levels to Watch:
Immediate Support: $0.0150 — must hold to avoid further drops.
Resistance Zone: $0.0180 — reclaiming this level would indicate potential for a bounce.
Breakdown Risk: If $0.0150 breaks, next support could be as low as $0.0120.
Final Take:
#GALA bulls got swept out in this liquidation storm, and now the market faces a moment of reckoning. Will we see a comeback or is this just the beginning of a deeper fall? It all hinges on key support levels in the coming hours.$GALA
CoinCrafters — This is the price of over-leverage. Be ready for what comes next.