Many are swing trading this stuff and will take profit once we are no longer oversold.
in my opinion the chart looks ugly, it would be very beautiful if it had some more candles on its downside. We just came down Hard. We need some cushion for our bullish runway.
We cracked the overhead resistance today, But then were immediately pushed back into gap-resistance. There was no capitulation by the bears.
Good luck yall.
Just my opinion
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I still feel we can head down. I didn't sell my puts. Time for some patience.