Every time the box’s upper edge is touched, what is met is not a breakout with increased volume, but—without exception—a crushing rejection back down.
AIN repeatedly probes at the previous high resistance level, yet trading volume is clearly shrinking. The continuous upper wicks pushed out on the candlestick chart can’t fool anyone. This indicates that heavy, real sell orders are still pressing from above, and the buy-side in the market has no intention of hard-covering at high levels.
An attack that cannot break through has never been about building momentum; it’s only one-sidedly draining the remaining bullish energy. Unless you see a high-volume hold and stabilize above the previous high, every time this kind of low-volume top-tapping happens, it’s adding to the downward weight that will later pull the price back down.
#AIN
AIN repeatedly probes at the previous high resistance level, yet trading volume is clearly shrinking. The continuous upper wicks pushed out on the candlestick chart can’t fool anyone. This indicates that heavy, real sell orders are still pressing from above, and the buy-side in the market has no intention of hard-covering at high levels.
An attack that cannot break through has never been about building momentum; it’s only one-sidedly draining the remaining bullish energy. Unless you see a high-volume hold and stabilize above the previous high, every time this kind of low-volume top-tapping happens, it’s adding to the downward weight that will later pull the price back down.
#AIN