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- 🎉 The #CandyDrop Futures Challenge# is live — join now to share a 6 BTC prize pool!
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Let’s go! See you tonight: https://www.gate.com/announcements/article - 🎉 The #CandyDrop Futures Challenge is live — join now to share a 6 BTC prize pool!
📢 Post your futures trading experience on Gate Square with the event hashtag — $25 × 20 rewards are waiting!
🎁 $500 in futures trial vouchers up for grabs — 20 standout posts will win!
📅 Event Period: August 1, 2025, 15:00 – August 15, 2025, 19:00 (UTC+8)
👉 Event Link: https://www.gate.com/candy-drop/detail/BTC-98
Dare to trade. Dare to win.
WIF — Bullish MACD Trade Setup — 28% Potential
Many of you told me they prefer a written trade setup of a video. That's why I put together the most essential facts about the signal in this post.
What Happened? 👇
WIF flashed a bullish MACD crossover on the daily chart. Simplified speaking, this happens when a shorter-term moving average moves above a longer-term average. Practically, it tells you that the token is getting some upward momentum, which can lead to a further price increase.
Is This Signal Reliable? 🧐
Unfortunately, we can't run proper backtests on the daily WIF chart simply because there's not enough data available yet. However, on higher timeframes, such as the daily chart, the MACD is considered a valid signal.
What About Other Indicators? 💹
Momentum indicators are neutral, which is absolutely fine. For trend indicators, we (logically) see a mixed picture of bullish and bearish indicators. The ADX shows a light trend, which further seconds the bullish trend.
How About The Chart And Potential? 📉
After its dump, WIF found support at the level of $1.6 and bounced nicely. Therefore, the chart looks promising for further gains and some room to run toward $2.5 - $2.6
#dogwifhat#