Information you might hear for the first time
Has anyone heard of the term "currency with tails compressed"?
Usually, when there are many upper tails and every ascent faces strong selling pressure, the chart tests liquidity.
Then the price returns to oscillate within the range.
Every upper tail makes everyone think that the currency is weak, but in reality, this gives a term not commonly used among traders, which is (the illusion of supply), but it is common among market makers.
You can say that there is silent buying below.
Over time, the pressure accumulates… and as soon as the seller weakens or additional volume enters, a strong bullish explosion occurs.
However, there is a key to all this: the currency has not yet received its due after consecutive upward waves.