Is this thing actually done yet?

$CHIP ‌ just went on an absolute tear, printing a massive green candle from 0.012 all the way up to 0.065. We’re currently hovering around 0.058, and while the 388% gain looks insane, the order book is telling a different story right now.
The sell pressure is sitting heavy at 76% on the depth bar. Volume is massive at 351M, but that wick at the top suggests we might have hit a local ceiling. If we can’t hold the 0.055 area as support, expect a fast retracement to fill some of that vertical gap.
I’m watching for a consolidation phase here. If it flags out, we go higher. If the bid side keeps shrinking, it’s a long way down. Stay sharp

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