The majority looks at the bounce from 1.25 to 1.31 and believes that the "bottom" is done. They rush to Long chase for fear of missing the retracement wave. However, let's take a close look at the price behavior: the retracement candle is very weak, the volume has vanished, and the price is stubbornly moving sideways just below the old resistance zone. This is a sign of dwindling active demand. The whales are silently observing the weak holders who are trying to hold on. When this tentative buying pressure runs out, a squeeze breaking through the old bottom will happen so quickly that no one will have time to exit their positions.
NEARUSDT
Perp
1.88
+4.50%