RANGE COMPRESSION JUST BELOW MAJOR SUPPLY ZONE
$BIFI price at 183.5 (Spot)
$BIFI is trading in a tight consolidation after a sharp impulsive move, holding above the short-term EMA cluster while repeatedly failing to expand into the marked resistance zone overhead. This kind of sideways structure below resistance usually reflects absorption rather than weakness — sellers are active near the top, but buyers are not letting price break down. The candles show reduced volatility and overlapping bodies, which is typical before a directional move. A sustained hold above the rising EMA base keeps the structure constructive, while repeated pressure against the same resistance level increases the probability of a future breakout attempt. This is a patience-driven spot structure where waiting for expansion confirmation is more important than chasing.
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