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- 🎉 Hey Gate Square friends! Non-stop perks and endless excitement—our hottest posting reward events are ongoing now! The more you post, the more you win. Don’t miss your exclusive goodies! 🚀
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Dare to trade. Dare to win.
Good morning, everyone. The rhythm of our consecutive victories has begun yesterday, and nothing can stop us from moving forward. A 3-game winning streak in a day is just the beginning, and more brilliance awaits us to create!
On the current technical hourly chart, the Bollinger Bands are opening upwards, indicating that the market is in the mid-term of a pumping trend. However, the K-line has quickly fallen back to the middle track, which may mean that the momentum of the pump is weakening, and the currency price may receive some support near the middle track!
The MACD indicator of the attached chart shows a decrease in bullish momentum, suggesting that the upward momentum in the market may not be as strong as before, and there is an increased possibility of a short-term price pullback or consolidation.
The KDJ indicator is below the 50 level, indicating that the current market is relatively weak, and the price may have further downward potential.
Overall, the current market situation is quite complex. Although it may have been in a pump trend before, multiple indicators show insufficient upward momentum, with the risk of a pullback. Pay close attention to the performance of the coin price at the midline of the Bollinger Bands.
Morning suggestion: Go long near the middle rail in the 61400-61500 area, with a target of 62500 and a stop loss at 61000!
Hesitation will only lead to missed opportunities, while action can lead to mutual success. Find me and immediately open a new chapter of cooperation, moving towards a brilliant life!