Ondo, from a morphological perspective, the 4-hour level is also in a downtrend channel. The previous candlestick touched the upper edge and was pushed down again; the first breakout failed, indicating that selling pressure is quite severe. Looking at the candlesticks during this period, they generally rebound for a bit before being smashed down below the previous low.

This has been maintained for some time now, and the current price is near the upper edge pressure line. In the short term, due to the previous candlestick forming a doji, this is a situation caused by strong sell orders. However, on the 1-hour level, the upward momentum is still quite strong. In this kind of formation, one can pay attention to the short-term pressure line near 0.88. As long as it breaks through and stabilizes above this line, a reversal trend will be welcomed. Therefore, it is worth paying attention to; if you decide to enter, it is advisable to consider the range of 0.83-0.85.