Shooting from the hip….. I say sideways to capture as much volume in this range as possible before going lower. Yeah the news was for volume creation or to blame retail for “selling the news”. Jmho. Disclosure: I was not able to watch yesterday really or so far today but it seems to want to reset below the 200sma on the 30min. The 200 is rising so sideways action is good here. With all that said, this is where some of them die. They just keep fading until volume goes away. Find it hard to believe that will be the case here but always possible. So probably stick with my original thought of .0011 to watch for bottom over the rest of this week. Good luck to you.
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