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- 【Gate Daily Market Digest】📊
Unlock today’s key crypto market insights at a glance!
Top Gainers⭐️ $SNAKEAI $YBDBD $BASEPTL $FPFT $TMAI
Trending Coins🔥 $YBDBD $LAUNCHCOIN $SPX $MIRAI $ANIME
#FearGreedIndex# #TopGainers#
- #May CPI Incoming#
This Wednesday, the U.S. will release May CPI data — a key test for rate cut expectations. Cleveland Fed forecasts 2.4% YoY CPI (up from 2.3%), with core CPI flat.
💬 If inflation beats expectations, will the Fed still cut in June? Will you stay on the sidelines or take early action?
#Tech Giants Eye Stablecoins#
Apple, Google, Airbnb, and X are in talks to integrate stablecoins into their payment systems, aiming to cut fees and streamline global payments. Following Circle’s IPO surge, stablecoins are quickly gaining traction across tech and finance.
💬 Could stablecoins be - Trading Myth vs Reality: Rising Wedge
❌ Myth
"A rising wedge is a bullish signal; buy immediately once the pattern completes."
✅ Reality
Proper rising wedge trading requires confirmation:
1.A clear break below the lower line (2 confirmed closes)
2.Volume increase on the break
3.A pullback that doesn't break above the lower line
💡 How to trade correctly:
· Wait for the pullback after the break
· Set stop-loss above the upper line
· If price breaks above upper line, volume must confirm or it's a false breakout
- What are Gate Post Ambassadors? One article guides you through the responsibilities and benefits of being a Gate Post ambassador!👇️
POLYX Price Set for a Bullish Rally with Precise Entry and Target Levels
POLYX price action shows strong potential for a rise with a target of $0.3840
The token has tested the discount zone and is likely to climb toward buy-side liquidity
Entry at $0.2930 offers traders a good setup with clear risk management and upside gains
The POLYX/USDT daily chart reveals an intriguing narrative for traders eyeing this cryptocurrency. According to a detailed analysis by Crypto Patel, the token has entered a decisive trading range with promising bullish behavior
Source: X
Currently priced at $0.3038 (as of January 8, 2025), POLYX has tested the lower order block located in the discount zone, signaling a potential trajectory toward higher price levels. This setup highlights an imminent move toward buy-side liquidity, with an anticipated interaction at the upper order block formed within the premium zone
The Discount Zone: Where Value Meets Demand
The price has revisited the discount zone, which lies below the 0.5 Fibonacci retracement level of $0.3136. This zone ranges between $0.1924 (Fibonacci 1) and $0.3136 (Fibonacci 0.5). The interaction with the order block in this zone strongly suggests accumulation, as institutional players often favor discounted prices for long entries. This setup could catalyze a bullish wave, driving the token toward its next major hurdle
Targeting the Premium Zone and Buy-Side Liquidity
Above the $0.3136 threshold lies the premium zone, capped by the Fibonacci 0 level at $0.4347. This range harbors a key order block where POLYX is expected to consolidate or retrace before resuming its ascent. Crypto Patel’s analysis anticipates the price tapping into this zone, paving the way for potential long positions
The outlined target stands at $0.3840, offering a promising upside from current levels. For risk management, a stop-loss at $0.2467 ensures traders can navigate the market's inherent volatility with calculated precision
Entry and Risk-Reward Dynamics
Crypto Patel recommends entering long positions at $0.2930, slightly below the current trading price. This strategic entry allows for capitalizing on minor retracements before the anticipated rally. With a target of $0.3840, traders are looking at a reward ratio that substantially outweighs the risk, underpinned by the defined stop-loss level at $0.2467