So, what does that tell you when the price closes lower than the high for the day? What can you intuit from that price behavior? You posted your comment on the 24th. On the 23rd the price closed at its low for the day. On the 24th the price tried to rally but, was shot down. On the 23rd and 24th the high for the day was between $0.065 and $0.070. On the 27th (a Monday) the price fell to $0.02 where is found support. Friday's close was at $0.038 and the bid was at $0.03. Do you not see a reluctance on the part of buyers here?
Anytime I ever has a loss trading or lost a nice profit because I was not smart enough to capture it when it was there, I got busy and tried to figure out what I should have done instead and looked for clues that could have told me in advance what I should be doing. I found out that there are always clues. Once you know what they are, you too will be able to trade a lot more successfully. That's all I want you to do.
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