$H


H has been grinding lower for an extended period.

At first glance that looks bearish.

A closer examination reveals something more interesting.

The velocity of the decline has slowed significantly.

That often occurs when sellers begin running out of inventory.

Bullish observations:

• Decline becoming less aggressive
• Stabilization occurring near support
• Volume spikes suggesting accumulation interest
• Market entering potential base-building phase

The strongest reversals rarely begin with huge green candles.

They begin with the market refusing to make meaningful new lows.

That process appears to be developing here.

#MyGateTradeStory
#HoldUSD1EarnYield
#TradFiCFDGoldMasters
#USIranTalksPostponed
H-8.13%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned