7.22 THENA: Rally hits resistance, followed by consolidation and rest

$ETH
Entry: Pull back near 1900, then look for 1950-1980
Entry: Bounce back near 1950, stabilize, then look for 1900-1870

Since the July 19 low, THENA kicked off a sustained rebound. After the price reached a high at the 1953 range, upside momentum slowed. Price has been moving between the upper and middle Bollinger Bands, and the overall trend still remains bullish; however, after the rally, there have been consecutive adjustment candles closing, with pressure from the upper band becoming evident. The strength of the bulls’ advance has weakened, and the market has entered a high-level consolidation phase to digest gains. Currently, it is in a post-uptrend choppy washout phase, moving in sync with the BTC market’s走势. In the range-bound conditions, the risk-reward ratio is limited. Avoid taking a heavy position to gamble; wait for a directional breakout before adding exposure in line with the move #加密银行Augustus融资1.8亿美元