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Ever wonder why the biggest moves always happen right after everyone gives up.
Looking at this $LPT chart, that flush down to two dollars was brutal for anyone with tight stops. It looks like a classic liquidity grab because as soon as it hit that low, the buyers stepped in with some serious force.
We’ve climbed back up to two point four two, but we’re starting to see a bit of a struggle at this local peak.
The volume is still looking decent, but if we can't push through two point five zero soon, we might just bleed back down to find a higher low. It's a bit of a tug of war right now between those who bought the dip and those who are just happy to break even.
I'm watching to see if this current consolidation turns into a bull flag or if the sellers are going to take control again. If we hold this level, the next leg up could be interesting.
#BitwiseFilesforUNISpotETF