$XLE just broke out hard last week. The follow-through candle this time? Bullish all the way—buyers clearly stepping up to grab some real control here. Sure, there's that small upper wick showing folks got a bit spooked above resistance, some hesitation kicking in. But that's just noise.
Psychologically speaking, the bulls need to keep this momentum rolling to actually lock in that breakout. Without sustained buying pressure, you're looking at a potential pullback scenario. Watch how price reacts at that resistance level—if it holds and we see another push, we could be cooking with gas.
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MelonField
· 15h ago
Does the wick above imply anything? It feels like it lacks momentum.
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DAOdreamer
· 15h ago
Breaking through is one thing, but the key is whether it can hold afterwards; otherwise, all efforts are in vain.
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TokenVelocityTrauma
· 15h ago
XLE this wave is indeed fierce, but that small bearish candle above is really timid. That's the key.
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RetroHodler91
· 15h ago
Can this breakout rally hold? It still feels like there's resistance above.
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GateUser-40edb63b
· 15h ago
Nah, whether this rise can hold is the key; having just one good candle doesn't mean much.
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AirdropFreedom
· 15h ago
The key is the continuation of the break, it's too early to say anything now.
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ChainComedian
· 15h ago
Breaking below is just the end; whether you can hold on is the real point.
$XLE just broke out hard last week. The follow-through candle this time? Bullish all the way—buyers clearly stepping up to grab some real control here. Sure, there's that small upper wick showing folks got a bit spooked above resistance, some hesitation kicking in. But that's just noise.
Psychologically speaking, the bulls need to keep this momentum rolling to actually lock in that breakout. Without sustained buying pressure, you're looking at a potential pullback scenario. Watch how price reacts at that resistance level—if it holds and we see another push, we could be cooking with gas.