📢 Exclusive on Gate Square — #PROVE Creative Contest# is Now Live!
CandyDrop × Succinct (PROVE) — Trade to share 200,000 PROVE 👉 https://www.gate.com/announcements/article/46469
Futures Lucky Draw Challenge: Guaranteed 1 PROVE Airdrop per User 👉 https://www.gate.com/announcements/article/46491
🎁 Endless creativity · Rewards keep coming — Post to share 300 PROVE!
📅 Event PeriodAugust 12, 2025, 04:00 – August 17, 2025, 16:00 UTC
📌 How to Participate
1.Publish original content on Gate Square related to PROVE or the above activities (minimum 100 words; any format: analysis, tutorial, creativ
In the current market environment, the 183 point level has become a critical watershed for judging market trends. Whether this price level is broken will directly affect the trading direction and strength in the short term.
If the price can effectively stabilize above 183, the market may welcome a wave of upward correction. In this case, traders need to closely monitor key target levels such as 186, 189, and 192. These price levels may become significant resistance during the upward process.
On the contrary, if the 183 level fails to be effectively broken, the market may face the risk of further declines. In this scenario, 179 becomes the primary support level. If this level is lost, it may trigger a deeper adjustment, and attention will need to be paid to key support zones such as 175, 172, and 168.
Overall, the performance at the 183 level will determine the market direction in the short term. Traders can develop strategies around this key price level: when the price stabilizes above 183, they may consider buying on dips, aiming for the upper resistance level; if 183 fails to hold, one should be cautious of downside risks and look for potential rebound opportunities near the support level.
Market conditions are constantly changing. When investors develop trading strategies, they should not only focus on these key price levels but also consider other technical indicators and fundamental factors to comprehensively assess market risks and opportunities. At the same time, establishing a sound risk management system and setting reasonable stop-loss and take-profit levels are crucial for achieving stable returns in a volatile market.