It's possible, but I respectfully disagree.
A combination of profit taking, mitigating against a retrace and also trading.
I'd expect the majority of the volume to be trading.
Once we got over 10c we were into the .5c increments.
At 20c, a 4 pip change is 10%. It's an easy trade with a massive growth trend right now.
Even if mistimed it's repeatedly hitting all time highs.
Easy money.
pck chart, page-735
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