Great day IMO. Here are my thoughts:
Yesterday we SHOULDN'T have closed at .0013. I think everybody agrees on that. Somehow somebody (possibly a MM) made us close at .0013. We should have closed at .0011!!
So today's action is really based on a .0011 close from yesterday not a fake .0013!
I did expect pps get down to .0009s and even .0008s today!!! I had two large orders at both prices!! But most of the day we didn't even get close to .0009s let alone testing it.
Testing .0009s was pretty healthy! We could have even tested .0008s and still be in good shape.
I think some panic selling happened as people did not expect to test .0009s since we close at .0013 yesterday(a fake close) - A MM tactic to cause panic selling... and also most of the day we traded at .001s and .0011 so people did not expect .0009s! some people probably bought at .0011 and .0012 and then sold their shares at .0009 LOL
What's important is that our support held pretty good!! Looks like the same pattern as 2 days ago when we had our support at .ooo6 then we went kaboom!
For tomorrow I see us consolidating a bit more in the morning, but I expect a run after 10:15am
If the the news hits, expect a HUGE RUN!
Remember consolidating at .0009s and even .0008s is healthy for tomorrow morning.
Most sellers exited today and gave their shares at .0009s to stronger hands that are READY to hold long!!!!
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