🔥 Gate Square Event: #GateNewbieVillageEpisode10
👤 Featured Creator: @CHAITHU
💬 Trading Quote: The market doesn’t reward emotions, only patience and discipline.
Charts move — but discipline holds.
Share a moment where patience paid off, or emotions cost you a lesson.
A real story > a perfect result.
⏰ Event Duration: Dec 4 04:00 – Dec 11 16:00 UTC
How to Join
1️⃣ Follow Gate_Square
2️⃣ Post with the hashtag #GateNewbieVillageEpisode10
3️⃣ Share your reflections — strategy, mindset, discipline
Authenticity boosts visibility and your chance to win.
🎁 Rewards
3 lucky participants will recei
$VELVET Current price: $0.181
Direction: Bearish
Reasons:
1. No significant influx of major funds, declining trading volume, low market participation, and a lack of sustained upward momentum.
2. 1-hour MACD (9,26) is running below the zero line; bearish momentum is weak but the downward trend remains unchanged.
3. RSI(14) is in a slightly bullish neutral range, but market sentiment is cautious and there is not enough buying power to support a breakout.
4. The price is near the 50-day moving average, an area of contention between bulls and bears. It has not broken through key resistance, and the weak consolidation pattern is clear.
Support levels:
1. $0.175 (recent consolidation low)
2. $0.170 (Fibonacci 0.618 support)
Resistance levels:
1. $0.184 (24H high)
2. $0.190 (psychological barrier + recent resistance)
Suggested take profit: $0.170, stop loss: $0.190