Sister U 8.8$ETH : Buying pressure absorbs strain; a high-level range-bound consolidation. 1940 becomes a short-term strong resistance.
Entry: Around 1920–1940. Watch the pullback support band around 1960 and look at 1880–1850.
Taking advantage of the Non-Farm Employment data as a tailwind, it surged to 1943, then quickly fell back. Even with the supportive factor, it still couldn’t hold—indicating that the big players’ buying power is insufficient. There are clear signs of the Zijing (Purple Crystal) distributing (selling) on the news/benefit. Upside momentum has already weakened significantly. In the 1920–1940 zone, a large amount of “tailed/accumulated positions” and profit-taking positions have built up. Every time price rebounds into this range, it faces concentrated selling pressure. Candlesticks have been repeatedly printing a sluggish/hesitant pattern, and price has been unable to break into new highs for a long time. Prolonged consolidation tends to lead to accumulation of negative effects.
Entry: Around 1920–1940. Watch the pullback support band around 1960 and look at 1880–1850.
Taking advantage of the Non-Farm Employment data as a tailwind, it surged to 1943, then quickly fell back. Even with the supportive factor, it still couldn’t hold—indicating that the big players’ buying power is insufficient. There are clear signs of the Zijing (Purple Crystal) distributing (selling) on the news/benefit. Upside momentum has already weakened significantly. In the 1920–1940 zone, a large amount of “tailed/accumulated positions” and profit-taking positions have built up. Every time price rebounds into this range, it faces concentrated selling pressure. Candlesticks have been repeatedly printing a sluggish/hesitant pattern, and price has been unable to break into new highs for a long time. Prolonged consolidation tends to lead to accumulation of negative effects.
