After experiencing a continuous four-day pump, GOR has seen a reasonable pullback for the first time. The current price remains above 28 dollars, still showing strength, and a subsequent return to the 50 dollars area is also in line with market trends.



The movement observed on the 12-hour time frame is quite intriguing; as long as the price remains above 30 dollars, there is no need to worry excessively. It is worth noting that a potential turning point may occur around noon on the 23rd, which requires special attention.

From the 30-minute chart, it is a normal phenomenon for a pullback to occur after the completion of the 5th wave; the key is whether it can hold the support level at 30 dollars. Analyzing from the arithmetic coordinate perspective, the current price is still within the large channel rise framework.

Despite the recent constant fluctuations due to geopolitical factors, GOR has performed relatively steadily. In this market environment, investors who blindly follow short-term fluctuations to panic sell or chase high prices often find it easy to incur losses.

Next, we should patiently wait for the pullback market, and the possibility of reaching new highs cannot be ruled out. As for whether it will break through the 100 million threshold, it is indeed worth our deep consideration.

As the trading philosophy suggests, if your thoughts are constantly fluctuating and you cannot maintain calmness and composure, it will be very difficult to achieve true victory in the market.
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 9
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)