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Posted On: 02/02/2021 10:10:28 AM
Post# of 148918
Re: LaundryMoney #75816
I'm with ya. We use the short excuse too often. I don't think this is a short attack. If it is, it was weak.
Looks like just some profit taking. Which as I understand but actually reduces the likelihood of a short attack, as it brings the RSI down.
I hesitated to even say anything because its impossible to know if any rumor is founded. In the end I know there are some here who fight back when there is a bonafide short run. So I thought it would be good to be prepared.
But I'm not seeing it. Just a healthy consolidation.
Looks like just some profit taking. Which as I understand but actually reduces the likelihood of a short attack, as it brings the RSI down.
I hesitated to even say anything because its impossible to know if any rumor is founded. In the end I know there are some here who fight back when there is a bonafide short run. So I thought it would be good to be prepared.
But I'm not seeing it. Just a healthy consolidation.
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