Most of ALTS are at this Level
And especially those new AI agents !
Picture 1 -
After reach the point of recent downward consolidation ( Previous OB ZONE ) , you can say , local resistance , The Price rejects
Either in form of slow bleeding , Or Straight Dump !
Picture 2
After reaching the local resistance ( support turned resistance) , The price consolidates over there , As We Know , for what ? For Bigger move , so , the second wave starts !
So Far , All the scenes i am watching rn , I hv observed both the scenerio , in both cases , You will got short and long , But as I said , if there is consolidation, means wave 2 of the token is breaching , breakout move is always a potential one !
So Focus both the area , compare both the picture with charts , you will easily understand my message i m trying to convey!
As Far i hv seen , After the first top price rejects
Rare coins successfully breakout and chase the second top ( second consolidation area ) !