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
Looking at the current trend of BNB, it's quite interesting—rebound is weak, and the decline is actually quite rapid. The logic behind this is not complicated: major funds are clearly suppressing prices around key resistance levels, and trading volume is also very low, indicating that bullish enthusiasm is not high.
Interestingly, this rebound pattern seems more like an opportunity for short sellers rather than a trend reversal signal. If you are a trader, the most important thing to watch out for is the impulse to chase the high. A more practical approach is to wait until the rebound loses momentum and then seize the opportunity to establish short positions. But the prerequisite is to manage risk well, especially setting proper stop-losses to prevent being caught off guard by a sudden upward breakout.
From a technical perspective, BNB is currently trading around 883.93 USDT. Looking downward, 865.59 is a nearby support level, and further down is the support zone between 856.24 and 865.59. Looking upward, 891.8 is a resistance level, so be mindful of the risk at this position.
Practical advice is as follows: if you want to go long, you can place an order near the support level to enter the market; if the price breaks below the support, just stop-loss immediately. This way, the risk is clear, and the potential reward is still decent.