This setup has slapped me right in the face—the price is sliding down along the moving average, and in four hours it hasn’t managed to produce a single decent bullish candle, yet open interest keeps piling up. Aggressive sell orders are hammering the bids, and the buy-side share keeps shrinking. All those piled-up positions are just cushions for people catching the falling knife. The bulls think they’re adding on the dip; I think they’re hauling a load uphill, and it’s getting harder with every step. It’s only a matter of time before they let go. Let’s see when the ones carrying the load finally buckle.