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Wednesday, August 02, 2023 2:51:58 PM
Just keep in mind, like I’ve been saying over and over, the climb to .0020 will be the hardest. It’s where the flippers and MM’s like to hunt. It’s where it’s the easiest to turn bulk shares into 1-2 tic profit in a percentage mindset. There will be a lot of see saw back and forth till we get that huge volume day which will filter the flippers out. .0020 and on is where people hold for the big numbers.
Look at each tic as a “move”. From .0020 to .0040 is 20 moves for a 100% gain versus .0010-.0020 which is only 10 moves for an easier movement for that 100%. This is why we are in the toughest area.
The longs will hold on from .0020, and I have a feeling we will get there and beyond this week.
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