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Pezz69

5,268 Posts.

2070

08/06/22

13:48

Post #: 61893802
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Originally posted by Vegantacos: ↑

dunno, but it feels a lot like this today:

Capitulation typically follows significant downturns in price, which can take place even as many investors remain bullish. As the downturn accelerates, it reaches a point where the selling by the investors unwilling to suffer further losses snowballs, leading to a dramatic plunge in price.

The heavy trading volume accompanying the decline shakes out "weak hands"—the investors lacking conviction—and replaces them with more risk-tolerant holders who may not have suffered prior losses and were willing to buy at the end of a protracted decline capped with a dramatic drop.Traders look for unusually high trading volume accompanying sharp declines in price to signal capitulation. They try to anticipate the surest sign of a capitulation: the rebound in price that follows once the panic selling has run its course.

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On 40M of volume i would agree as there has been no "bad" news to justify todays move.

ADN Price at posting: 8.3¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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