6,000,000 of those shares was a special s3 xt trade, you...

6,000,000 of those shares was a special s3 xt trade, you probably should remove 6million shares from the volume to get a better idea. Still a big day.
Putting it into context over the last couple of days indicates substantial buying pressure was entering into the stock, otherwise the spread of the bars wouldn't be getting narrower with increased volume as it went down. The term is a wyckoff spring.
It has a pretty good chance of bouncing a bit from here, or at least treading sideways for a while. A somewhat safer entry point for a risky trade. It would need tight stops and is pretty easy to get stopped out, however there is no reason the fall can't continue, hence the stop. Take profit around .72 cents, ie 2/3's of the drop. Just a chance mind you.