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Look at the volume on $PIPPIN right now.
Something feels off. We had that massive spike to 0.76000 yesterday followed by an immediate flush down to 0.43140. Usually, when you see a wick like that, it takes a long time to recover, and right now we are just sideways.
The price is hugging 0.49534 and volume is sitting at 343M, which is actually pretty high for this kind of flat price action. It feels like it’s compressing for another move.
If we can't reclaim 0.55 soon, I’m worried this just bleeds back to the lows. But if this is accumulation, the next leg could be explosive. I'm just watching the level for now.
No point in forcing a trade in the middle of a range.
#SantaRallyBegins