New Version, Worth Being Seen! #GateAPPRefreshExperience
🎁 Gate APP has been updated to the latest version v8.0.5. Share your authentic experience on Gate Square for a chance to win Gate-exclusive Christmas gift boxes and position experience vouchers.
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1. Download and update the Gate APP to version v8.0.5
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Key new features and optimizations
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Your fa
LYN's recent market movement is quite interesting. The funding rate has remained positive, indicating that the bulls are still holding their ground, all waiting for a big bullish candle to reverse the situation. But I see it differently — the bears have the upper hand.
This coin is repeatedly being shaken out; if the bulls aren't completely washed out, it's hard to see a real rally. Falling back below 0.14? That's not difficult at all.
The MA60 moving average is now on the verge of breaking down. Once this line is broken, a drop of ten or twenty points downward won't be able to stop it. The problem is many people can't accurately judge this rhythm and are still chasing blindly, which will only lead to repeated losses.
My advice: first, understand the true market trend clearly, don't rush to buy in. Wait until the signals are more definite before taking action; this way, you won't be washed out in vain. Patience is needed to seize opportunities, but a better understanding of technical analysis is even more important.