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Post# of 190484
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Mdk1

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Mdk1

Re: XenaLives post# 126460

Friday, 12/16/2022 3:27:46 PM

Friday, December 16, 2022 3:27:46 PM

Post# of 190484
Xena, found this explanation on the Reddit forum …
I think this poster nailed it.
>>> “Usually big volume with small candle like dogi is created by algos to create attention from retailers. Most scanner used to lookup huge volume movement . By this they will try make you enter and took you out with a loss. And accumulate stocks for the next big move. You will see it near support or resistence level.”

Coincidently we are exactly on the support line of the symmetrical triangle. Or we break downwards and we head to the $4,8 level OR we resume uptrend direction $8.3 (resistance ST) … If this Reddit post were to be correct it will be the latter …
https://www.tradingview.com/x/Iw5j0sCt/
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