📢 Gate Square #MBG Posting Challenge# is Live— Post for MBG Rewards!
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1️⃣ Research the MBG project
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Take part in MBG activities (CandyDrop, Launchpool, or spot trading), and post your screenshots, earnings, or step-by-step tutorials. Content can include profits, beginner-friendl
Currently, Ether on the four-hour chart shows that this divergence has not been completely digested. The price has slightly rebounded near the middle band support of the Bollinger Bands. On the indicators, the MACD has formed a death cross at a high position, with higher trade volumes for short positions. Furthermore, on the one-hour cycle, the trend has also formed a head and shoulders pattern indicating a downward movement. If the short-term long positions cannot break through and stabilize around the neck line at approximately 3730, then a temporary rebound will inevitably lead to further downward adjustments.
Ether 3715 short positions, target 3635, defense 40 points
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