🔥 Gate Square Event: #PostToWinNIGHT 🔥
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📅 Event Duration: Dec 10 08:00 - Dec 21 16:00 UTC
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Gat
@$OG this wave of market action is quite intense——three moving averages are tightly intertwined, and the 0.930 to 0.934 range feels like it's been nailed down. Bulls want to tear a gap upwards, bears aim to break below, and both sides are holding their breath. Trading volume is clearly shrinking, and large traders are evidently waiting for a signal. This kind of standoff is often the most unpredictable because once the tension releases, the rebound can be so strong that you react too slowly.
**Several Strategies for Going Up**
First move: Keep the price stable at 0.934 without dropping further. At this point, you can lightly enter long positions, with a stop-loss set below 0.931. First target is 0.938; if broken, continue chasing.
Second move: If you see trading volume significantly increase and the price breaks through the 0.938 barrier, it’s a sign of real action. You can follow in with a small position, but don't be greedy—set your stop-loss at 0.935.
Third move: An opportunity for aggressive players—price quickly drops near 0.911 but then immediately rebounds, indicating bears are losing strength. At this point, you can bet on a V-shaped reversal with a very small position, provided the stop-loss is firm, below 0.909.
**Several Strategies for Going Down**
First move: Price rebounds around 0.938 but struggles to break through. You might try opening a short position at 0.937, with a stop-loss above 0.940.
Second move: Trading volume drops along with the price, and it breaks below 0.930 directly. This signals a potential short opportunity, aiming for 0.920, with a stop-loss at 0.933.
Third move: After falling, the price rebounds around 0.933 but loses momentum and can't push higher. This is a good point to add to your short position or open a new one, with the stop-loss still set at 0.936.
The key is that such stalemates generally don’t last long; the next candle can determine the outcome. Be patient and wait for the right moment, and avoid falling for fake breakouts.