info in charts over extended short. a bounce into bag holder resistance would be nice.
info in the chart. of course it could break out and cause a squeeze but we are going with highest probability: Dump.
Info in the charts. lots of bagholders in this. The amount of volume that needs to come in for this to break out would have to overwhelm resistance volume
This is a day trade idea for 11/27. Ideally you want t push to 4$, then a fade. Look to sell the break of previous day low. cover in cover zone 15 min or 5 min timeframe.
I realize this is the hottest thing right now, and seeing it drop from whence it came seems out of the realm of possibilities. But it follows a pattern that happens over and over: Parabolic move/Gap. Bounce into FOMO buyers resitance, then fade. Wait for bounce into resistance then look for short positions.
After Gap moves like this, there is usually a pull back to half way, followed by a bounce into resistance, then a fade to fill the gap. Strong sell after bounce. Do not fall for the trap and buy.
Classic bounce into resistance, Short all the way to gap fill. Highly likely this gap up today (6/27) just fade all day. Wouldn't buy this at all.
Not a chance in hell this goes anywhere but down.
Information and logic is in the chart of course something irrational can happen but we are going with the high probability that this goes back down.
Lots of shorts playing the bearish divergence currently getting their heads squeezed off their necks. be patient and wait.