The current situation is a bit suffocating — prices are firmly pinned between 4600 and 4610, with a width of less than one centimeter. Looking at the moving averages, they are all tangled together, making it impossible to distinguish the up or down trend. MACD is directly under the zero line, showing a complete breakdown, with the two lines stuck very close together. RSI has risen to 65, but the trading volume... is pitifully low.
This kind of extreme compression sideways movement has always been the night before a big wave. Once a breakout occurs, the direction becomes clear.
From a technical perspective: - Entry point: watch the narrow range of 4607-4610 - Stop loss: 4615 (must exit once the cluster of moving averages is broken) - Take profit levels: first see if the critical support at 4600 can hold; if not, head straight to 4590
This tight squeeze will only present an opportunity once a breakout happens.
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PessimisticLayer
· 12h ago
With such a dull trading volume, I wouldn't dare to chase even if it breaks the support.
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MetaMisfit
· 12h ago
With such poor trading volume, it feels like they're holding a big move in reserve.
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LeekCutter
· 12h ago
With such a dull trading volume, do you still want to break the level? I think we might have to wait.
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AirdropHunterZhang
· 12h ago
Waiting for a break? Bro, I've already gone all-in long ago, just waiting for this moment. Either get rich or go bankrupt, there's no third option in between.
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MelonField
· 12h ago
Feeling suffocated, just waiting for the moment of breakdown.
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JustAnotherWallet
· 12h ago
After holding it in for so long, it's time for a big move, or else it will be really embarrassing.
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BlockchainBouncer
· 12h ago
With such a pathetic trading volume, who dares to bet on a breakdown?
The current situation is a bit suffocating — prices are firmly pinned between 4600 and 4610, with a width of less than one centimeter. Looking at the moving averages, they are all tangled together, making it impossible to distinguish the up or down trend. MACD is directly under the zero line, showing a complete breakdown, with the two lines stuck very close together. RSI has risen to 65, but the trading volume... is pitifully low.
This kind of extreme compression sideways movement has always been the night before a big wave. Once a breakout occurs, the direction becomes clear.
From a technical perspective:
- Entry point: watch the narrow range of 4607-4610
- Stop loss: 4615 (must exit once the cluster of moving averages is broken)
- Take profit levels: first see if the critical support at 4600 can hold; if not, head straight to 4590
This tight squeeze will only present an opportunity once a breakout happens.