$ON 0.42 is not a pressure level—it’s the line of life and death between longs and shorts! With continuous tests, who can’t hold out first?
In the short term, it has tested the 0.42 area pressure multiple times, but each pullback has been narrowing. The market is entering a crucial battle phase. If the next push fails again, it’s time to consider taking profits.
1. Continuous tests of the pressure indicate the bulls haven’t given up. After starting around 0.30, the ON moved upward in a choppy manner, touching around 0.41 multiple times. If it were only a weak rebound, after the first attempt to push higher it should quickly fall back. But the price has kept consolidating near the highs, suggesting there is buy-side support underneath.
2. Around 0.41, overhead supply is clearly heavy. Several attempts to break higher have not directly succeeded, indicating a large amount of sell orders here.
The key point, however, is: each pullback has not fallen back into the original breakout area, which means the shorts’ suppressive effect is weakening.
3. Volume is waiting to be released. At present, the price action is high-level sideways consolidation, and a breakout needs volume confirmation. Once a high-volume breakout above 0.41 occurs, the room above could open further. If it still can’t break through, it’s easy for short-term profit-takers to realize gains.
#Shein最早下周启动香港IPO招股 #特朗普要求伊朗赔偿
In the short term, it has tested the 0.42 area pressure multiple times, but each pullback has been narrowing. The market is entering a crucial battle phase. If the next push fails again, it’s time to consider taking profits.
1. Continuous tests of the pressure indicate the bulls haven’t given up. After starting around 0.30, the ON moved upward in a choppy manner, touching around 0.41 multiple times. If it were only a weak rebound, after the first attempt to push higher it should quickly fall back. But the price has kept consolidating near the highs, suggesting there is buy-side support underneath.
2. Around 0.41, overhead supply is clearly heavy. Several attempts to break higher have not directly succeeded, indicating a large amount of sell orders here.
The key point, however, is: each pullback has not fallen back into the original breakout area, which means the shorts’ suppressive effect is weakening.
3. Volume is waiting to be released. At present, the price action is high-level sideways consolidation, and a breakout needs volume confirmation. Once a high-volume breakout above 0.41 occurs, the room above could open further. If it still can’t break through, it’s easy for short-term profit-takers to realize gains.
#Shein最早下周启动香港IPO招股 #特朗普要求伊朗赔偿