There are several possible scenarios at play which can be seen by the orders placed on both sides.
Assuming order quantities such as 100k, 150k, 200k are retail and 5634, 23719, 132947..... are computer generated random numbers by the big guys then it is easy to see who wants to buy or to sell. What is a bit tricky to determine is whether it is just trading within the 3c-4c range, accumulation, distribution or a bit of all.
ATM it looks like both forces, retail vs brokers, are even at 3.5c / 3.6c, 3.6c retail seller not willing to sell into 3.5c and retail buyers not willing to buy 3.6c. The BOT currently happy to sell into 3.5c, let's see when that situation changes.
At some stage, when an equilibrium is reached, human intervention is needed to give the computers a new goal to battle for.
IMU Price at posting:
3.5¢ Sentiment: None Disclosure: Not Held
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