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clock Created with Sketch. 13/12/24
20:51
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Originally posted by Inzaghi88:
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You're right! Bounced back quickly! 20c is a massive area of supply, the fact it has already spent large periods of time above are a testament to the markets motivation and shows the bulls still have the edge. There would be a lot of trapped holders needing to get out here and of course lots of profit taking. There would also be no shortage of holders with large profits who remain bullish, but might want to go free-carry or just have rules around reducing risk exposure once certain levels of profits have been realised. Totally nothing out of the ordinary and a very healthy chart in my opinion.
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big profits equals big sell offs . People getting tricked into selling here . 20c Monday.
(20min delay)