paper cut for me but I still feel for those who are in the red. never a nice feeling.
but there's been no news. in fact, all the fundamentals that took the price to 60c are still there. nothing has changed. except a few days closer to announcements.
and I like to see more volume by price to really show support/understanding at a certain price level. some real argy bargy that shows the price had been disputed a long time at a particular level; and has been "agreed" to be worth more.
you can see in the chart where there is real "agreement" and where the agreement about certain prices is a little thin.
now this is not always accurate - sometimes there's an announcement that justifies an acceleration past certain price points. but in our case, not such announcements. so I'd prefer to see lots more volume around lower 40s and high 30s.
all just my opinion only. not advice. dyor
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