TAKE This garbage coin really has no one left playing! The basis drops through the hundreds in a single day; the bulls are still propping it up. Sellers keep piling active sell orders to press the buy side—when open interest rises even more, the price gets smashed even harder. Is this dog-style market maker trying to knock it down first so they can let them run? Even the rebound can’t even touch the moving averages. In the four-hour chart it’s fallen more than 20% from the high—this is a meat grinder that’s just switched to a new board to keep grinding. The short positions are already opened; waiting for takeoff to the downside.
