$ONG adding more! Another 70% pump?! This move looks more like a trap than a real reversal. The price jumped hard, but the position size didn’t expand with it—instead, it actually shrank.
That’s the part I’m watching. One of the big short players may have already been squeezed out and liquidated, but that doesn’t mean the selling pressure is finished. After the squeeze, the market can still get pushed lower.
Don’t chase the green candle—welcome to the bears!
That’s the part I’m watching. One of the big short players may have already been squeezed out and liquidated, but that doesn’t mean the selling pressure is finished. After the squeeze, the market can still get pushed lower.
Don’t chase the green candle—welcome to the bears!
