$XPL just had a nasty hour this morning.
One hourly candle wicked up to 0.0864 and then dumped all the way to 0.069, on easily the biggest volume this chart has seen in a week. Whole slow grind from the 0.073 area since Oct 27 got erased in about 60 minutes. honestly that looks like someone unloading size into the pump.
Bounce so far stalled right at 0.0749 and price is sitting around 0.0731 now, under both hourly EMAs which just rolled over.
For me 0.0705 is the line. Lose that on an hourly close and the Oct 30 wick near 0.0673 is next.
If it gets back over 0.075 and holds, then 0.0775 comes back in play and this was just a stop hunt.
One hourly candle wicked up to 0.0864 and then dumped all the way to 0.069, on easily the biggest volume this chart has seen in a week. Whole slow grind from the 0.073 area since Oct 27 got erased in about 60 minutes. honestly that looks like someone unloading size into the pump.
Bounce so far stalled right at 0.0749 and price is sitting around 0.0731 now, under both hourly EMAs which just rolled over.
For me 0.0705 is the line. Lose that on an hourly close and the Oct 30 wick near 0.0673 is next.
If it gets back over 0.075 and holds, then 0.0775 comes back in play and this was just a stop hunt.
