$UROY just cracked the move traders had been anticipating. After sitting tight in a bull flag formation—right up against that symmetrical triangle resistance level—price finally broke higher. This is what healthy consolidation looks like: instead of dumping gains, buyers stepped in and absorbed the supply through sideways action. The technical setup here is clean. Sideways price movement means the bulls were patient, soaking up selling pressure rather than surrendering their profits. That's the kind of digestion pattern you want to see before a directional push.
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.
10 Likes
Reward
10
6
Repost
Share
Comment
0/400
MEV_Whisperer
· 01-09 19:11
The Bull Flag has broken out, and this time I wasn't disappointed... I've been waiting for this moment for a long time.
View OriginalReply0
LucidSleepwalker
· 01-09 19:10
The bull flag has broken out, this move is really solid
View OriginalReply0
SleepyArbCat
· 01-09 19:08
Wait for me to wake up first... This layout looks a bit like the dream I had last night, are the buyers accumulating? Is this real or not, should I follow this breakout?
View OriginalReply0
FloorSweeper
· 01-09 18:53
ngl the flag break looks textbook but let's see if these "patient bulls" actually have conviction or just paper hands waiting to fold at first wick down
Reply0
ColdWalletGuardian
· 01-09 18:52
It's about time for a breakthrough; this round of accumulation action is very skillful.
View OriginalReply0
AirdropworkerZhang
· 01-09 18:43
Finally broke through. This consolidation phase was really comfortable, with no panic selling and only accumulation. Optimistic about the subsequent direction.
$UROY just cracked the move traders had been anticipating. After sitting tight in a bull flag formation—right up against that symmetrical triangle resistance level—price finally broke higher. This is what healthy consolidation looks like: instead of dumping gains, buyers stepped in and absorbed the supply through sideways action. The technical setup here is clean. Sideways price movement means the bulls were patient, soaking up selling pressure rather than surrendering their profits. That's the kind of digestion pattern you want to see before a directional push.