VARA - Bullish Trend Reversal - Further Analysis

Trapped longs are regions where traders called a false bottom and went all in while the market continued to sell. The current actual bottom is indicated and called due to a trend reversal, heavy increase in buying pressure volume, and a clear change in market structure. There are currently trapped shorts in this region where stop loss and fear traders orders were filled and gobbled up by consumer, institution, and whale traders. This asset has a very low market cap, if and when the trapped longs are cured and price action breaks through this region of the chart greed will overtake breakout traders who will go all in. This hasn't occurred yet due to several massive pullbacks from the $0.04 mark. This asset has several psychological price points of approximately every half cent currently hitting .03 and .035 psychological resistance. Contracts are opening and closing in short periods of time partially due to lack of faith as well as automated trade activity. It will be interesting to see what happens overnight Sunday into Monday morning.