It's interesting to read these takes. As a very seasoned trader with the financial resources to have a margin account, and to have a circle of friends likewise, this chart babble on the OTC is just something we don't consider.
I rode up a predictable wave for a nice $3k profit this morning. Reinvested that money for the predictable drop back down. Once it became clear that .0008 was a battleground, closed the short at .0009 with another $300 profit.
Pigs get fed, hogs get slaughtered. Profit is profit and seasoned traders don't hold short positions when a stock is ping-ponging. Surgical scalps and all of the algobots are doing the same.
$3,300 day and no chart needed. Will you stake a claim? Does your chart say tomorrow starts on a downturn or an uptrend? You have a 50/50 shot. Make a guess today so we can test?