$INTW This one fell 2.5% but saw sell volume hit 2.8x, which I’m inclined to view as distribution—not simply a pullback opportunity.
I’m personally bearish: the 1-hour and daily structures are aligned, with both highs and lows trending downward. Price is below the previous low at 6.26, and both EMAs are overhead.
So with sell volume at 2.8x and OI continuing to drain, I’m treating this as distribution and won’t try to catch it.
I’m personally bearish: the 1-hour and daily structures are aligned, with both highs and lows trending downward. Price is below the previous low at 6.26, and both EMAs are overhead.
So with sell volume at 2.8x and OI continuing to drain, I’m treating this as distribution and won’t try to catch it.