$SNXX I got sick—so shaken that it was trading right on the day’s low, and even then there were still people with red eyes rushing in to take knives. In just a few short hours, the actively bought volume flipped and surged upward like it was tumbling—yet the orders that got passed along were all smashed into midair. The price was still kept under the two moving averages, dragging lower with a cold, steady grind; over the next four hours, that row of candlesticks went down one after another, the direction locked tight. Even the funding rate got hammered into negative. The bulls are holding on like they’re paying “protection money” when they really shouldn’t have to. Honestly, this setup is basically handing fuel to a dog trader/booth— the more people that come in to catch the knives, the more wildly they keep smashing the market. These leveraged guys at the end don’t even leave a buffer cushion. The short-sellers have got it locked in.
