Down to 261 haha. Ridiculously thin orderbooks. Time to go cautiously long.
I've never seen a one minute chart go flat like that on heavy volume and then reverse. No, this will end with a big panic dump somewhere below. or float up and retest the $260 lows several times before finally reversing.
For now its just a typical retrace to 61.8 fib lvl which is around 256$ + 200 MA support is around there aswell. What did you expect guys? Price should've stopped at ~270$ instead of jumping to 315$ due to chinese willy bot. If ~255% level holds till end of month than its gonna be a bottom cos stock markets collapse is coming really soon.