So if the trading volume is zero and zero over days, what can one take away from that? To me it indicates a lack of buying interest at the ask price and a lack of interest of selling at the bid price. So that is a deadlock, right?
To break the deadlock, someone needs to buy or sell at the A&B or move the numbers until it happens.
With no news or good pr, this is where it's at. In my opinion, no news will lead to a selling trend, if those holding are truly a small group of longs, one exit could be enough to cause that downward trend until new support is established.
To me support level is the level that someone is interested in buying. Right now the bid is at .0022. To me, that is the support level until someone buys at .0028, the ask. That is not happening because those sitting at the ask will wait it out while those at the ask already have enough invested and are waiting for someone to buy. The last move to .0028 where we are now looked like a paint to me.
Again this is just my opinion.
Market Data 
Markets 
AI
