Covid19, stocks and oil war panic caused huge dump.
Support isn't broken.
Whaled have filled their bags in the range 3800-4800. Good enough to go up till the next dump (pump and dump pure manipulation scheme).
There is no reason from whales perspective to dump it more to give a chance for people to buy 3xxx again. They are not interested in carrying those longs to the moon or to the first serious resistance.
Now there is a big volatility, stay away from margin and always use tight stop loss, avoid going to crowded places, and wear a mask in public transportation.
Support isn't broken.
Whaled have filled their bags in the range 3800-4800. Good enough to go up till the next dump (pump and dump pure manipulation scheme).
There is no reason from whales perspective to dump it more to give a chance for people to buy 3xxx again. They are not interested in carrying those longs to the moon or to the first serious resistance.
Now there is a big volatility, stay away from margin and always use tight stop loss, avoid going to crowded places, and wear a mask in public transportation.
