📢 Gate Square Daily Report | June 1
1️⃣ Geopolitical Situation: Iranian President Ebrahim Raisi has submitted his resignation request to the Supreme Leader's Office, indicating a change in Iran's political landscape.
2️⃣ Market Dynamics: BTC is priced at $73,557, down 0.5% in 24 hours; the crypto market shows mixed movements, with the DeFi sector up over 2%, and the CeFi sector down nearly 3%.
3️⃣ Crypto Regulation: Chairman Hill of the U.S. House Financial Services Committee has listed tokenization policies as the focus of the next phase of work.
4️⃣ Project Updates: Solana has initiated an upgrade proposal SIMD 547, aiming to increase the long-term token burn of SOL.
5️⃣ Platform Updates: Gate's real stock trading service has officially launched, allowing users to directly trade NASDAQ, NYSE stocks, and ETFs using USDT, connected to compliant brokers holding U.S. Broker-Dealer licenses.

💰 $XNY BREAKOUT TRADING SETUP
🔼 LONG
✳️ ENTRY: 0.0070 – 0.00660 – 0.00620
🎯 TARGETS: 0.00740, 0.00800, 0.08850, 0.09900, 0.01300, 0.0200, 0.0300 , 0.0500
🀄️ LEVERAGE: 10x
🔴 STOPLOSS: 0.00590
#Codatta is approaching a critical resistance zone between 0.0073 and 0.0075 after recovering strongly from its recent lows. The 4H chart shows improving momentum with MA7 crossing above MA25, while MACD has turned bullish and RSI remains strong.
The higher timeframe structure is even more interesting. Both the 3-Day and Weekly charts suggest a prolonged accumulation phase may be ending, with price attempting to transition into a new expansion cycle. Such setups often produce explosive moves once resistance is cleared.
A decisive breakout above 0.0075 would confirm bullish continuation and could quickly push price toward the psychological 0.0100 level. Beyond that, healthy consolidation and support formation could open the door for an extended rally toward 0.0200–0.0250.
The most important factor is how price behaves after the breakout. Sustainable growth requires controlled pullbacks and consolidation rather than vertical pumps. As long as buyers maintain support above the breakout zone, the bullish outlook remains intact.
⚠️ Aggressive volatility is expected around resistance. Consider moving SL to entry once TP2 or TP3 is reached to protect capital while allowing the position to target higher levels.
🚀 $XNY is sitting at a key decision point. A successful breakout could mark the beginning of a much larger trend expansion.