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Over ten hours, $INTC made two moves in exactly the same direction.
The first came during the first hour of U.S. stock trading: two candles dumped ten million contracts.
The price slid from 57.74 to 50.49, finishing the day at -12.6%.
Ten million contracts—that’s someone clearing out.
The second took just four million contracts to give back that early-morning rebound, and then some.
Volume was down 60%, but the price fell even harder.
The order book is thin. It’s not that someone wants to dump; no one’s willing to catch it.
After the close, it recovered, climbing eight points over eight hours on just over two million contracts.
That fourfold volume gap shows that those lifting the price aren’t very enthusiastic either.
The chart closed at 53.84, and it’s now at 53.73; both are below 54.08.
With more than eight hours until tonight’s 10:30 opening, the token has no direction right now.
I’m not holding a position either.
(Not investment advice; you’re responsible for your own gains and losses)