🚀 Gate Square “Gate Fun Token Challenge” is Live!
Create tokens, engage, and earn — including trading fee rebates, graduation bonuses, and a $1,000 prize pool!
Join Now 👉 https://www.gate.com/campaigns/3145
💡 How to Participate:
1️⃣ Create Tokens: One-click token launch in [Square - Post]. Promote, grow your community, and earn rewards.
2️⃣ Engage: Post, like, comment, and share in token community to earn!
📦 Rewards Overview:
Creator Graduation Bonus: 50 GT
Trading Fee Rebate: The more trades, the more you earn
Token Creator Pool: Up to $50 USDT per user + $5 USDT for the first 50 launche
On November 19th in the morning session, looking at ETH, the current price is around 3122. This position is quite delicate - it is just touching the middle band of the Bollinger Bands.
Can it stand firm here? It's crucial. If it holds, there is still a chance for a short-term rebound; if it breaks down, it will likely need to retrace to the lower band to find support.
The technical indicators have indeed given some rebound signals, but the J value has already risen a bit high, indicating that there may not be much upward space in the short term, and it might need to consolidate sideways for a while. The MACD double lines are still below the zero axis, so this wave of increase can at most be considered a rebound; to truly confirm a bull market, we still need to wait for the double lines to break through the zero axis.
If you want to operate, you can wait for the price to break through 3170 with volume before considering entering a long position, and set the stop loss below 3140 for better safety. The target range is between 3240 and 3260. #数字货币市场调整 is currently at a critical decision point, and the price movement in the next few days will be very interesting.