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Log in to commentThat wick structure doesn't look like distribution, the tails are getting bought, not left hanging, which is what you'd see if a desk was quietly laying off size.
Yeah the bid absorption looks real, and CoW's actual order routing tech has always been underrated, MEV protection that actually works tends to find genuine buyers eventually.
Good tech doesn't stop a rejection candle from doing exactly what it wants to do. That upper wick is still fresh and I've seen "real bids" evaporate fast when price revisits the base.
Anyone know if the monthly structure is still holding up here or did we just reclaim something bigger?
Daily close matters more to me than this candle right now. Need to see it hold through the session before I trust it.
Waited too long for a lower entry and watched it go up instead, classic dipbuyer99 move honestly.
Well I was dead wrong and now I get to buy more at a worse price than I thought, so that's fun. Foundation wallet's probably thrilled I'm this reliable.
Which VC desk is quietly unloading into this right now?