What would a prudent guess of the true resistence
@ 6.90 - 7.25 be like?
2-3 times visible amount? More ? Less ?
If passing the resistence point fails again are we in for another round below 6?
For me the market is really a bit hot now. Really would hate to burn my fingers.
As I write this depth at $7.25 is about $156,000. I currently estimate that it would actually take closer to $400,000 to reach that level.
We're at about $400,000 volume since this prediction.... Quite a bit of the wall has been eaten, but most of it is still there. It will be tough to punch through unless most of those asks are dropped.