And if you do not know what I mean then see the linked idea below ‘the study’. Now the market cap is way to small for my interest but it might appeal to someone or indeed someone who is interested in the long game.
The reversal pattern is one we see play out time and time again in all markets. Most recently on a crypto called CFX (see example below). The psychology between buyers and sellers is very specific and is told in great detail on this particular pattern. The last 6-day candle to print on this chart informed you of the great weakness amongst sellers. This crucial.. for the moment demand returns there practically no resistance until new buyers sell into the market.
Is it possible price action falls further? Sure. It is probable? No
Ww
Type: trade Risk: 1% Timeframe: now Return: At least 500%