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.
How to Participate:
1. Download and update the Gate APP to version v8.0.5
2. Publish a post on Gate Square and include the hashtag: #GateAPPRefreshExperience
3. Share your real experience with the new version, such as:
Key new features and optimizations
App smoothness and UI/UX changes
Improvements in trading or market data experience
Your fa
MON is repeatedly oscillating around the psychological level of 0.03, and the technical indicators look interesting. The RSI on the 15-minute to 4-hour charts is showing overbought signals across the board, but the 1-hour MACD still maintains a bullish crossover support, indicating that the bulls haven't fully given up yet. The most concerning thing is that the trading volume has shrunk by 97%, and this kind of volume contraction combined with overbought conditions often signals a potential reversal.
Let's look at some key levels: resistance above at 0.031 and 0.0325, support below at 0.0292 and 0.028.
The trading logic is quite clear—if the price breaks above 0.031, go long with the trend, targeting 0.0325, and set a stop loss at 0.0302 for protection; conversely, if it falls below 0.0292, switch to shorting with a target of 0.028 and a stop loss at 0.0298. At the current price level? My advice is to hold and not chase the high. The combination of overbought conditions and low volume carries too much risk. Instead of gambling here, wait for a clear breakout signal before taking action. Final note: always set your stop loss firmly; recent losses should teach you that patience is necessary at this level.