$GALA Bearish, Market entry: 0.001365
TP1 below: 0.001172 (first take-profit level)
TP2 below: 0.0010851 (second take-profit level)
DCA: 0.0014128 (add-position watch level on a bounce)
SL: 0.0014605 (stop-loss exit level)
1. Down 17% in the last 24 hours, short accounts are clearly more numerous, and the funding rate at -0.0076% isn't extreme either.
2. OI is still climbing while price is heading lower — shorts have the upper hand this round.
If price reclaims 0.0014605, exit at the stop-loss immediately — don't stubbornly hold the short.
TP1 below: 0.001172 (first take-profit level)
TP2 below: 0.0010851 (second take-profit level)
DCA: 0.0014128 (add-position watch level on a bounce)
SL: 0.0014605 (stop-loss exit level)
1. Down 17% in the last 24 hours, short accounts are clearly more numerous, and the funding rate at -0.0076% isn't extreme either.
2. OI is still climbing while price is heading lower — shorts have the upper hand this round.
If price reclaims 0.0014605, exit at the stop-loss immediately — don't stubbornly hold the short.