Gate Square “Creator Certification Incentive Program” — Recruiting Outstanding Creators!
Join now, share quality content, and compete for over $10,000 in monthly rewards.
How to Apply:
1️⃣ Open the App → Tap [Square] at the bottom → Click your [avatar] in the top right.
2️⃣ Tap [Get Certified], submit your application, and wait for approval.
Apply Now: https://www.gate.com/questionnaire/7159
Token rewards, exclusive Gate merch, and traffic exposure await you!
Details: https://www.gate.com/announcements/article/47889
BROCCOLI has been quite interesting recently. The current market price is 0.006817, up 2.98% from earlier. Looking at the candlestick pattern, it has already formed 13 consecutive candles, indicating a potential reversal.
More importantly, the price just broke through the previous trailing stop-loss line at 0.006814 — this line had been acting as resistance, but now it has been surpassed. This suggests that the bearish defense line is gradually being dismantled. From the lower side, recent support levels are at 0.006524, 0.006412, and 0.006371, with the only resistance above at 0.007674.
For traders willing to take a risk, this could be an opportunity to enter a long position with a small position size, but remember to set your stop-loss just below the nearest support at 0.006371. The goal is to see if it can test the resistance line above.
However, a reminder: the current breakout strength is quite mild, only about 0.04%. If the price quickly reverses and falls back below the trend line, it could be a false breakout — once confirmed as failed, the bearish trend may accelerate downward. In such small breakout scenarios, the risk and opportunity are very close to each other.