From 11:45 to 12:15, major players pushed the price up, liquidating most of yesterday’s short positions. From 12:15 to 12:30, major players made no moves, and retail buying volume was low. After 12:30, short positions were opened and the price was pushed down. The major players haven’t sold off their holdings; they’re now luring traders into short positions. I still recommend opening a short position above 4 and setting a stop-loss.