Looking at the depth, it would seem that if there was a genuine accumulation going on, then a quick take out of the 0.011 sellers might see a rush for the exit doors by the "hopefuls" that are waiting to see, thus establishing a more attractive entry point for the next round of accumulation. . . . .
The lack of buy volume between .011 & .007 also looks ominous
If holding I'd be jittery
