$UMAC has been testing that wedge top pretty hard—rejected six times out of seven days before finally breaking through. Wednesday's close above the wedge was the turning point, and then Thursday came with a strong push, closing near session highs.
After this kind of setup, you want to see follow-through. The wedge break is just the setup; volume confirmation is what separates a real breakout from a false one. If volume shows up here, this could be just the beginning of something bigger.
The price action says sellers had their chance to defend that resistance and failed. Now it's about whether buyers have the juice to keep pushing or if we get a pullback that respects the newly broken level as support. Watch the volume bars—that's where the real story is being told.
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.
18 Likes
Reward
18
8
Repost
Share
Comment
0/400
LightningSentry
· 01-18 22:29
Rejected six times before breaking through, this time is different... Truly depends on whether it can hold steady afterward.
View OriginalReply0
RugResistant
· 01-18 18:03
volume bars are where the actual exploit happens ngl—most people just stare at candles and miss the whole attack vector brewing underneath. six rejections then suddenly break? analyzed thoroughly but nah, that's textbook pump setup if volume dries up. red flags detected fr
Reply0
CoconutWaterBoy
· 01-16 16:02
Rejected six times before breaking through, this time finally getting interesting
View OriginalReply0
OnChain_Detective
· 01-16 15:58
ngl, six rejections before breaking through hits different—pattern analysis screams potential manipulation setup here. volume confirmation is literally everything or this becomes another textbook rugpull signature, no cap.
Reply0
LiquidationWatcher
· 01-16 15:57
Rejected six times before breaking through? That's some intense momentum. Let's look at the volume—this is real skill.
View OriginalReply0
rekt_but_vibing
· 01-16 15:57
Six failures and one success—that's wedge... Watch the volume; no volume means a false breakout. I bet Bitcoin will retest the support this week.
$UMAC has been testing that wedge top pretty hard—rejected six times out of seven days before finally breaking through. Wednesday's close above the wedge was the turning point, and then Thursday came with a strong push, closing near session highs.
After this kind of setup, you want to see follow-through. The wedge break is just the setup; volume confirmation is what separates a real breakout from a false one. If volume shows up here, this could be just the beginning of something bigger.
The price action says sellers had their chance to defend that resistance and failed. Now it's about whether buyers have the juice to keep pushing or if we get a pullback that respects the newly broken level as support. Watch the volume bars—that's where the real story is being told.