Tap to Trade in Gate Square, Win up to 50 GT & Merch!
Click the trading widget in Gate Square content, complete a transaction, and take home 50 GT, Position Experience Vouchers, or exclusive Spring Festival merchandise.
Click the registration link to join
https://www.gate.com/questionnaire/7401
Enter Gate Square daily and click any trading pair or trading card within the content to complete a transaction. The top 10 users by trading volume will win GT, Gate merchandise boxes, position experience vouchers, and more.
The top prize: 50 GT.
![Spring Festival merchandise](https://exampl
$amp update:Alright, so here\'s the bigger picture, and the theme here is confluence. Notice this LTF structure starting with the 4HR: we tapped $0.00150, which coincides with the previous lows we tapped. Also, take note of the only S/R levels left below. Now, let\'s look at the HTF structure we\'ve been tracking for months. Notice on the Daily where price closed yesterday, and is now hanging today. Deviations, but still closing within the structure. Now, zoom out further to the Weekly and you can see the lower support line. We previously had a confirmed local bottom on the Weekly, which held that support line, and now we\'re waiting to see if we hold this week within this structure or not. Could be a deviation, could be a new structure entirely. Ultimately, we have to wait and see how today and tomorrow closes out. Do we bounce from here or do we continue this stage 4 downtrend across the market? All I can tell you is there\'s an obvious, larger HTF structure here that still stands. It\'s a slope/descending structure, however, so the lower support taps can continue down if it needs to. This is still one large accumulation structure, the uptrend will come eventually. Just have to wait and see how this plays out. 🤷♂️