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
After a whole day of watching, I finally see a good entry point.
LIGHT is now at the 0.60 USDT level, with the 1-hour RSI only at 32.8, firmly in the oversold zone. But the key is that the 4-hour chart has stabilized, and the RSI has rebounded to 43.8, indicating that the short-term downward momentum is weakening. The previous decline was too sharp; chasing a short position directly would have a poor risk-reward ratio, so I’ve been observing from outside the market.
Now the opportunity is here— the logic of a short-term oversold rebound is valid. My trading approach is as follows:
Within the range of 0.58 to 0.62, I will gradually add to long positions with small positions, which helps to lower the average cost. Stop-loss must be disciplined; if it falls below 0.55 (below the previous low), I will exit immediately, without any story. The first target is 0.68, and the second target is 0.75. Overall, the risk-reward ratio can be above 2:1.
The core of swing trading is patience. Wait until the market offers the most favorable odds before acting. The current timing is clear. But maintaining small positions and strict stop-losses are the bottom line—no compromises.