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
#数字资产市场动态 $ROSE has entered a high-level consolidation phase after a volume breakout. From the price action, buying pressure is continuously absorbing chips, which appears more like a normal consolidation after a breakout rather than a top distribution signal.
The market has two notable features: first, an 18.84% increase accompanied by 143 million in trading volume, indicating a strong breakout; second, open interest is rising simultaneously, which usually reflects main capital building positions rather than short covering. The chart did not quickly retrace after the breakout, indicating that selling pressure has been effectively absorbed.
As long as the price can hold above the breakout zone, there are higher liquidity zones to test in the future.
**Trading strategy reference**:
Long entry zone: 0.01780-0.01820, with a hard stop-loss at 0.01720. The recent target is 0.01950, with an further target of 0.02100.