because today ran from the open to .044
all of that occurred intraday, so you cannot look as much at today's levels
as something to draw from (in my opinion)
If we take out the craZy jump to the mid 4's and focus on the previous 2 days, you will see that the support area is right about where we ended today.
all day long people were taking profits
but also BMAK and a couple other MM's were in there selling as well - you cannot deny this . . .
at this moment, the mental support at .02 will be your strongest support imo
the buying was still amazing, even when BMAK was sitting there at 10k on the ask, people were slamming him all day - that did stagnate the run back up
we may see more of that tomorrow - as long as it is not too crazy - we are still very BULLISH here
the base here is VERY STRONG and that is what counts
people have to learn not to freak out on these low float deals
keep playing the dips . . . .
I scaled in two times during that drop
and prepared to scale more tomorrow
if you do it right, once the dip is complete, you should be sitting prettier than before the dip