PattyPooner
Oct 1, 2:49 PM
$SENS a little lesson on low vol and the message it can send. often over the past months as we’ve been hitting highs with low vol morning pullbacks, MMs and shorts are looking for traders to sell at a loss so they can bring price down further. The low vol aspect of this reveals that they aren't having success with people selling, so we see end of day green followed by higher highs, where they rinse and repeat. You don’t necessarily need new buyers to move price up, you just need the people who are buying to not sell, aka 💎🖐️.
that said, keeping a close eye on things here as approaching and rejecting off the 200 WMA could lead to a much stronger downward pressure. Shifting fundamentals however makes things a bit harder to predict., and longterm anyone buying now should be fine.
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