Replies to post #113686 on Potnetwork Holdings Inc. (fka POTN)

[justinbailey]

Today's L2 guess

Someone around 3pm saw how all MMs were on the bid at .0600, then dumped around 200k shares to force those on bid to absorb the entire dump AT THE SAME TIME, then that dumper likely scooped up shares when it hit .057-.0591 due to no one else being on the bid except for a lowball bid @ around .053.

This is sort of how bear raids are conducted. They wipeout everyone on the bid until they are next in line to absorb once they trigger all sorts of GTC/Stoploss orders.