Evening Analysis on July 23
From the hourly Bollinger Bands perspective, a clear downward opening structure is currently presented: the upper band is continuously pressing down, and the price is running close to the lower band, constantly pushing the lower band downwards, indicating that short positions dominate in the short term, and the trend is weak with a strong continuation of the downward trend.
On the four-hour level, there is a consecutive downward movement. Although there is some support near the middle band, the signs of increased volume have not diminished, and it is only a matter of time before it breaks down. The weakness on the hourly chart is more intuitive, with consecutive downward movements interspersed with sporadic small upward movements, indicating that emotions are fully released and the pullback rhythm is smooth.
It is better to enjoy together than to enjoy alone; if you reach out, I can pull you ashore!!
SUI TURMP BONK PEPE OM SOL PNUT
