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The support level was set at 0.55, but the low volume clearly indicates that the market makers are fabricating panic to flush out retail traders. We will have to see how long they intend to grind this out, as the price has dipped to 0.545. If the insiders were truly liquidating their positions, the volume today would be closer to 50 million rather than just 5 million.
The stock rapidly rebounded from 0.54 back to 0.57. The market maker successfully fabricated panic to shake out a wave of retail investors before initiating this quick reversal. Entering with a small position here is reasonable. However, this is not the main uptrend yet. We must wait for the price to reclaim 0.62, break above 0.65, and stabilize there before it has a genuine shot at climbing much higher.
The price dropped to 0.535 this morning, and most people are too scared to buy the dip right now. Since the main market is weak, it could take a very long time to recover to 0.65. The market makers will likely keep using this weak market to slowly grind down the retail investors.
your optimistic imagination was encouraging. but the truth is, market maker already gone fully distributed. now remain the retail investor dont wanna to face the truth.
Investors may begin accumulating shares gradually. However, avoid entering a full position unless you maintain high liquidity.
Institutional players may continue to apply downward pressure on retail investors. For a safer entry point, wait for the following technical confirmations:
1. A significant surge in trading volume at support levels.
2. A clean breakout above 0.57 and 0.62, followed by a sustained hold above 0.65.
The main market rally hasn't started yet. Long-term accounts can buy a little now and watch. If you are doing short-term trading or are low on cash, it is better to wait before entering.
Judging by the declining volume over the past few days of this downturn, if market sentiment strengthens, we could see a sudden intraday move to hit and test the 0.62 resistance level.
