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Wait, is $CTSI finally done bleeding or is this just another trap?
Looking at the 1D chart and it’s been a rough ride down. We are sitting at 0.02368 right now and honestly, it looks like it’s trying to find a floor after that massive 70% drop over the last year.
The price action is getting really tight here. We saw a random wick up a few days ago that got sold off immediately, which tells me there’s still heavy resistance sitting around that 0.027 level.
Volume is pretty thin on the buy side, but the "Today" candle is green (+1.37%). If we can actually hold this support and stop making lower lows, we might see a small relief bounce. But if 0.022 breaks, it’s probably going to get ugly fast.
I’m just watching the order book for now. Not jumping in until I see some real strength.
What are you guys doing? Bag holding or waiting for the reversal?
#FebNonfarmPayrollsUnexpectedlyFall