This upper wick looks dangerous, but it is actually the ultimate bear trap.
$ACU
hit $0.1425 and pulled back to $0.1206, confusing everyone on the 1h chart. But look at that sudden spike in volume and open interest! I am entering my long position right now while retail is terrified of this tiny dip.
$ACU
hit $0.1425 and pulled back to $0.1206, confusing everyone on the 1h chart. But look at that sudden spike in volume and open interest! I am entering my long position right now while retail is terrified of this tiny dip.