The local buyer zone holds the price, however, there are no good volumes available yet. And the longer such volumes and movements are absent, the stronger the seller becomes and the likelihood of falling lower increases. At the same time, the buyer’s zone is quite large and they can buy it at any time. Considering the terrible oversold conditions and not just fear, but horror 😉 in the market, plus negative funding for the cue ball, it is likely that the price will simply not continue to go down.
I think this evening, at the opening of America, there will be increased volatility and the situation will become clearer
Post #372
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