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.
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1. Download and update the Gate APP to version v8.0.5
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Key new features and optimizations
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Your fa
Looking at CYS's rapid surge followed by a period of low-volume consolidation, to be honest, I've seen this kind of movement too many times. The biggest lesson I've learned over the years of trading is that those gains built solely on news or market sentiment, once the trading volume can't keep up, will generally enter a phase of repeated fluctuations.
Earlier, I overtrusted the gap and pullback on the 1-hour chart and went short, but the 4-hour trend showed no signs of turning bad, and I was shaken out. Since then, I've understood a key principle: during low-volume consolidation, it's best not to bet on the direction. Let the market speak for itself, and only follow once it clearly signals.
Currently, it looks like the 1-hour and 4-hour RSI are both in neutral to slightly bullish zones. Although the MACD has formed a golden cross, the histogram strength is weak, which precisely reflects that the bullish momentum is gradually depleting. This doesn't seem like a sign of an imminent trend reversal; rather, it resembles a pause after a sharp rally.
My trading principle is simple: I don't guess whether it's a continuation of the correction or a complete top. I only trade what I can clearly understand. At this stage, **waiting and watching** is the main approach. Once the price can effectively break above 0.37 (indicating bulls still have strength to push higher) or fall below 0.33 (showing the correction is deepening), I will adjust my strategy based on the actual trend. Currently, the price range is still unclear on both sides, and rushing in will only increase the risk of being taught a lesson by the market.