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Most people are going to FOMO into this and get wrecked.
$NIGHT just had a massive vertical move and now we’re seeing a big rejection wick at the top. That long upper tail shows there are plenty of sellers sitting at 0.05300 who aren't letting it through easily.
The volume is huge but the current candle is turning red. If it can’t hold the 0.04600 level as support, we’re probably looking at a fast trip back down to fill that gap it left behind.
I'm not touching this until I see if it can actually consolidate here or if it was just a one-day pump and dump.
#CrudeOilPriceRose