Simple. Huge down trend on the 1 day.. falling volume regardless of price changes.. no reason to turn around until prices are so low they are irresistible. After 3 successive months of crash, no one but gamblers and those too heavily invested to pull out are going to risk much.. as in anything.
Dead nuts on my arrow right now eh!
Support and resistance are closing in on each other.. we should see one more big dip at which point I'll be closing out and going long.
Trade closed manually:
Closed yesterday last night, had a big pop this morning back to the resistance. Got pretty lucky, a lot of bears got skinned!