Before the first rally in October there was a very similar 30% drop AND descending channel. In my mind this looks like whales and strong positions artificially dropping the price to get a better position before a rally. Not financial advice, just an observation.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.