This position is indeed interesting. The latest price has been stuck at 0.45748, just a step away from the 24-hour high of 0.46890. Whether it can break through this previous high will basically determine the direction for the next few hours.

The story of trading volume is more meaningful. The trading volume in the last phase was still at the level of 1.1 billion, but now it has dropped to 39.78 million, which is a significant shrinkage. Although it is still higher than the 5-day average volume (18.84 million) and the 10-day average volume (21.71 million), this "price increase with decreasing volume" situation has begun to appear, indicating that the force pushing prices up is easing. Those who analyze technical aspects understand that this kind of divergence signal should raise a question mark.

The performance on the moving averages side is quite good. The MA7 has moved up to 0.43754, and the MA25 has also risen to 0.43111. The short-term trend remains upward, and these lines provide good support for the price. From the position of the candlesticks, the current price is above all moving averages, and the bullish structure is still intact.

But the problem arises. Those who go long are now facing an awkward situation - the trend is indeed upward, but it is already below a strong resistance level, and the momentum is weakening. At this point, the cost-effectiveness of chasing long positions is really average. Shorting is even riskier, as it goes against this trend, and the risks are terrifying. If you really want to short, you have to wait for a clear reversal signal near the price of 0.46890, such as a long upper shadow or a bearish engulfing candlestick pattern, and then coupled with an increase in trading volume to have a valid reason.

We are now in a waiting phase. The market is making choices, and we are also making choices.