I'll explain what's happening in the chart of $PROVE ...
Look, in 30m the price is flirting with the purple line (the MA99), but it doesn't dare to touch it completely. It gets close, blinks below... as if it were waiting for something.
And do you know what it's waiting for?
👉 For the purple line in 1h to go down a bit more.
Because if it breaks it in 30m without 1h being ready, it's like shouting "bullish" falsely. There's no confirmation, no real strength... and that ends in rejection and a nasty drop.
📊 What is the price actually doing?
It's buying time. Literally. It moves slowly, not because it's weak, but because it's pulling the purple line of 1h downwards.
When that purple line in 1h is close enough, then it will try to cross strongly and make the market believe that a trend change is coming.
And if it manages to break it...
⚠️ Watch out: the next round is in 2h, where the fight is even tougher.
🎯 So:
That "mini bullishness" in 30m could just be a technical rebound.
If there is no clean break in 1h, there is no new trend. Just a trap for hasty bulls.
Each timeframe has its own wall (purple): if they don't break it decisively, everything before is just theater.
⚔️ In summary:
The price is not rising. It is negotiating with the resistance.
And if it doesn't manage to break in 1h, what happened in 30m was just a "fake out"
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