🚗 #GateSquareCommunityChallenge# Round 1 — Who Will Be The First To The Moon?
Brain challenge, guess and win rewards!
5 lucky users with the correct answers will share $50 GT! 💰
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📅 Ends at 16:00, Sep 17 (UTC)
On the graphical framework, $U has not yet left the 16-20 oscillation range, but the two upward movements in the last two days are obviously too strong. If things go wrong, it might break through this oscillation range, and this speed seems to be faster than I expected.
It may be because the market sentiment has been very positive recently. If it breaks through effectively here, it could lead to another doubling trend.
In addition, we can see that the trading volume has significantly increased recently in this price range, and there have been many exchanges on the market. However, the price has remained strong at a high level, and the average cost held across the entire market is also rising rapidly.
So we can do a simple analysis. Who is getting on and who is getting off at this position?
Firstly, the short-term paper hands have basically reached the end at this position, and it has already provided a very friendly position. Generally, paper hands should give up when the market value exceeds ten million US dollars, but with the range provided between sixteen to twenty million in market value, it becomes even harder for paper hands to resist the temptation to sell.
In contrast, the funds that have come in through trading at this position clearly have a different nature from the early PVP type of paper hands. The community attributes of Build are stronger, or in other words, funds with a greater vision have entered, which means higher stickiness and larger players have come in.
Everyone will notice that the amount of funds from people entering at this stage will be significantly different. The funds coming in, exceeding ten million dollars, are generally from relatively ambitious diamond-handed individuals aiming for over fifty million dollars, except for some retail investors from communities with strong community attributes. Otherwise, for them, there’s really no cost-effectiveness in entering at this price point.
As for their aesthetic choice of indicators and the events they will be competing in the future, I believe everyone understands. Let's take a look together to see if the community's efforts and the strong resonance of secondary funding can help us achieve the goals of the next stage soon!
I hope our little rabbit 🐰 jumps higher and higher.