$CNPY just got wrecked. Down 27% and that candle from 0.58 straight to 0.38 wasn’t pretty.
Found some bids around 0.38 and bounced back to 0.422, but volume is already dying and price is still sitting under the 7 and 25 MA. Classic post-dump chop.
Seen this movie a hundred times in the last 6 years. Either this 0.42 area holds and we get a relief bounce, or it rejects and we go hunt lower.
Liquidity is thin so moves will be fast either way.
Not calling anything.
Just watching the chart like I always do. DYOR.
#BOJRaisesRatesTo31YearHigh
Found some bids around 0.38 and bounced back to 0.422, but volume is already dying and price is still sitting under the 7 and 25 MA. Classic post-dump chop.
Seen this movie a hundred times in the last 6 years. Either this 0.42 area holds and we get a relief bounce, or it rejects and we go hunt lower.
Liquidity is thin so moves will be fast either way.
Not calling anything.
Just watching the chart like I always do. DYOR.
#BOJRaisesRatesTo31YearHigh
