How to read tape, from a live example: $NVLN

Open NVLN, stacked in bid 1.60, just below that neckline, rejecting now


Was watching 1.60 with to short with adds on the fail of that level




1.60 comes off, now we have sellers on tape, heavy tape, add this point I say it’s only an add for me, tape red




Push again above 1.60 and stacks some at hod 1.64 on ask, again it’s only an add, conviction to get short on this as it cannot hold for long 1.60 level





Red prints again on the 1.60, starting to be weaker and weaker. Dump ‘s coming soon





Fell 1.50, 1.40, still weak, check t&s, red tape, red prints, sellers in