also one last note in regards to the massive sell off, remember on the parabolic ride up we created no structure and there was no short pressure and sell pressure so it was invertible for the price to do the opposite on the way back down. a good example of this is when bitcoin broke that height/resistance of 20,000 above that there was no data of support and resistance so it did strange things in uncharted teritory.
ideally you want to create market structure slowly on the way up so in a shit storm on the way down it has a few circuit breaks to stop the price plummeting
this is just my opinion not fact
also one last note in regards to the massive sell off, remember...
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Last
$3.36 |
Change
0.050(1.51%) |
Mkt cap ! $4.386B | |||
| Open | High | Low | Value | Volume |
| $3.31 | $3.40 | $3.26 | $37.72M | 11.25M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 800 | $3.34 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.36 | 284106 | 2 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |