🎉 #Gate xStocks Trading Share# Posting Event Is Ongoing!
📝 Share your trading experience on Gate Square to unlock $1,000 rewards!
🎁 5 top Square creators * $100 Futures Voucher
🎉 Share your post on X – Top 10 posts by views * extra $50
How to Participate:
1️⃣ Follow Gate_Square
2️⃣ Make an original post (at least 20 words) with #Gate xStocks Trading Share#
3️⃣ If you share on Twitter, submit post link here: https://www.gate.com/questionnaire/6854
Note: You may submit the form multiple times. More posts, higher chances to win!
📅 End at: July 9, 16:00 UTC
Show off your trading on Gate Squ
We have been in the range (price range) on BTC since June 23.
We have been in the range (price range) on BTC since June 23. In order to determine the direction in large time periods, this price range must be abandoned first. Now, let's look at what the price can do under these conditions, item by item, you can clarify your game plan accordingly.
1) First of all, the red box in the range is like a boss for the bulls in this time period. If the price stays above this box, it will most likely mean that the 31500 resistance is passed. In this case, if the price exceeds the red box in volume and retests in the same region, it can work as a buying opportunity. We have shorts from the red box on The Wolf's Men free futures channel, another brand of WPA, of which I am the founder. This acts as a hedge to the spot pairs we carry.
2) If BTC is to continue its bullish direction in this time frame, even if it goes down, it should rise by taking the liquidity of the blue dashed line and enter the range with volume. In this case, the RL level I specified with 29531 is expected to work in the direction of the receiver and 31500 levels can be targeted again.
3) If the parity falls within the range of 28687-28400, which I have indicated with the black box, it can transform the range we are currently in into a distribution scheme. In this case, retests to the RL level can be seen as a sales opportunity.
4) In case of 3rd possibility, I expect the parity to fall to 26100 levels. If you ask why the 26100 level, the important thing for me is that the liquidity zone I indicated with the red curve is cleared and I expect the levels with the green box, which is an untested zone, to be a strong demand zone. There is no demand region above those regions where the price can meet the strong buyers. In addition to all these game plans, currently the pair continues its bullish trend in high time frames. It may not be very healthy to say that BTC will fall before the conditions I mentioned are realized. I wish everyone a good day and a good week.
#GateioBountyCreator# #ContentStar# #BountyCreator# #Gateio10周年# #NewYearCelebration# #GateioTurns10# #contentcreator# #NewsMessenger#
#HotTopicDiscussion#