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Something feels off about this $VFY move.
We just saw a solid rejection at the 0.01707 level and now we are sliding back down. It looks like it tried to make a higher high but the sellers stepped in way too fast.
Right now we are sitting at 0.01622 which is dangerously close to that local support we saw yesterday. If it doesn't hold this 0.01600 zone we could easily slip back down to test the 0.01575 bottom again.
The volume isn't exactly screaming "buy the dip" yet. I'm just watching the order book for now because that 62% buy ratio can be a bit of a trap if the price keeps making lower highs on the 1h.
#BuyTheDipOrWaitNow?