Regarding the flood of bears - unlikely any of them are short. These personality types pop up in liquidity events all the time to throw out the 'told you so' the one in ten times the odds favour their guess work. Haven't seen any analysis of merit other than 'seen it before'. Experience is key in this game but if you don't have a disciplined and repeatable strategy it's just gambling.
Goes both ways too with euphoric blow off tops - rampers come out hard with their enthusiasm and disbelief at seeing a move continue up that they're in, only to see it quickly reverse against them.
Each thrust down is getting absorbed. Sweeps for stops below the obvious swing lows and parent trend channel.
Shorting this last candle is a low odds trade in my experience. Watch for shorts getting closed out and bottom pickers thinking their geniuses. Volatility will hopefully smooth out in the coming couple of months and some new setups and entries will present themselves to work with whoever is supporting the price.
Just my 2c and this is no substitute for your own personal risk management. If you've ridden it this far down you're probably feeling pretty raw right now. I don't know with certainty which way it's going to go - no one does. But hope is a terrible strategy.
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Last
$2.30 |
Change
-0.130(5.35%) |
Mkt cap ! $434.5M |
Open | High | Low | Value | Volume |
$2.43 | $2.52 | $2.28 | $20.53M | 8.890M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 110471 | $2.30 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.31 | 1915 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 39205 | 2.280 |
1 | 220 | 2.270 |
1 | 500 | 2.260 |
1 | 13000 | 2.250 |
1 | 2882 | 2.220 |
Price($) | Vol. | No. |
---|---|---|
2.340 | 5500 | 1 |
2.400 | 5000 | 1 |
2.430 | 1000 | 1 |
2.440 | 650 | 1 |
2.450 | 10000 | 1 |
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