As I said the moment it breached that trend line it was time to...

As I said the moment it breached that trend line it was time to sell. That was around $1.40. It was a good run but now the run is over.
Look at all the trapped holders above now. $1.15 to $1.65 (over 70 mill traded now) Thats nearly 40% just to breakeven for some of them. Way too much overhang above now.

However I do think it'll settle soon around here. There's a FIB at $1.12

Also another reason never to try and catch a falling knife.

Looking for a bounce trade if there. Waiting for a reversal and a slight bounce but that is all.