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In trader jargon, it’s called a V-reversal—in plain terms, it fills the hole right back in.
From 50.49 to 57.44, up 13.8% in two days—the hole is filled.
57.44 The high was hit at 03:00; it hasn’t been touched again in the eleven hours since.
56.25 Current price, 2.1% below the high.
2,022,283 Volume on the 22:00 candle, 5.2 times the average; it was the only candle with any volume all day.
3,612 Volume at 14:00, 0.9% of average; the weekend order book has only this much left.
-0.0054% Funding rate; shorts are paying, but the pool is thin, so they’re not paying much.
56.33 MA20; price is stuck 0.09 below it and hasn’t moved past.
Put these together: the hole really is filled, but weekend prices are just spinning their wheels.
$INTC Now at 56.25, I’m not taking a price that’s just spinning its wheels.
When the market opens on Monday at 22:30, I’ll consider going long only after it holds above 57.44.
Lose 55.90, and the pullback begins.
(Not investment advice. Trade at your own risk)