$SNXX dropped 3.2% in just fifteen minutes, with trading volume 1.4 times higher than usual. Sell orders kept pushing down against the buy orders.
A decline on this kind of heavy volume suggests the people unloading shares have no intention of stopping; selling pressure is still strong.
My view hasn't changed: I'm still bearish on $SNXX at this level, and the chart doesn't show any real strength from buyers stepping in.
A decline on this kind of heavy volume suggests the people unloading shares have no intention of stopping; selling pressure is still strong.
My view hasn't changed: I'm still bearish on $SNXX at this level, and the chart doesn't show any real strength from buyers stepping in.