🐳 Chip Notes｜$FIL
The 4-hour chart has been consolidating in a narrow range for 3 days, with a bandwidth of just 4.7%. The lower the volatility, the more it suggests that both bulls and bears are holding back. Whichever side makes the first move with significant capital often ends up determining the direction.
This time, the sellers made the first move.
Next, just watch the trading activity around the middle band at 0.8624.
DYOR, and participate rationally.
The 4-hour chart has been consolidating in a narrow range for 3 days, with a bandwidth of just 4.7%. The lower the volatility, the more it suggests that both bulls and bears are holding back. Whichever side makes the first move with significant capital often ends up determining the direction.
This time, the sellers made the first move.
Next, just watch the trading activity around the middle band at 0.8624.
DYOR, and participate rationally.