Appreciate your thoughts, Gharp. You're spot-on about the algo footprints—UBS and Morrison seem to be playing the intraday order flow like a script lately. But if you know what you're looking for, it can actually be an edge.
The volume spikes and fakeouts are textbook shakeouts during accumulation. Capitulation at 7c flushed a lot of weak hands. If that was genuine selling, we’d be under 6.5c already. The fact it bounced hard off the 8c zone (again) suggests there’s something structural brewing—likely accumulation under algo disguise.
Also, I don’t see the price action as “fake” so much as engineered. These levels:
0.080: Proven bounce zone
0.105: Trend flip trigger
0.115: Critical for full reversal
...all line up perfectly with historical pivots. It’s being walked up in stealth.
My take: I'm not fighting algos—I’m riding shotgun with them. I’ll be watching 10.5c for confirmation, and 11.5c for conviction. Volume taper might help retail, but smart money moves before that.
Cheers for the convo—good to see people looking beyond just candles. Let’s see who blinks first: the sellers or the desks.
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