The sell side has been blatantly stacked today. Points to a "tree shake" to trigger stop losses. Looking at the trading, seems it was a productive tree shake. I almost sold to take advantage of the move and buy back lower, but wrongly thought there would be enough resistance at $0.055.
Just in case it is insider trading (as there clearly has been in the past) I'm not risking buying just now, but I'm probably being too risk adverse there. If it were inside trading you would expect to see them stacking the buy side to try to hold it up to sell into.
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