$RARE is up 74.1% in the last 24H, but the volume is what really stands out at 2.87x.
The move has already built a substantial position, with most of it now filled. Price is holding above the 20 SMA, and the average is starting to slope higher.
The latest candle also closed above the previous candles, the first close of this move that has actually held.
The interesting part is funding: -0.818%.
Shorts are paying heavily to stay positioned against the move while the squeeze setup continues to develop.
Entry: 0.02391
Invalidation: 0.02153
TP1: 0.02629
TP2: 0.02788
If 0.02153 breaks, the setup is invalid for me. No averaging down.
What part of this thesis do you think is weakest?
$2Z #SECCommissionerPeirceToLeaveOct2
$ARK #BlackRockBuildsTokenizedPortfoliosForOndo
The move has already built a substantial position, with most of it now filled. Price is holding above the 20 SMA, and the average is starting to slope higher.
The latest candle also closed above the previous candles, the first close of this move that has actually held.
The interesting part is funding: -0.818%.
Shorts are paying heavily to stay positioned against the move while the squeeze setup continues to develop.
Entry: 0.02391
Invalidation: 0.02153
TP1: 0.02629
TP2: 0.02788
If 0.02153 breaks, the setup is invalid for me. No averaging down.
What part of this thesis do you think is weakest?
$2Z #SECCommissionerPeirceToLeaveOct2
$ARK #BlackRockBuildsTokenizedPortfoliosForOndo
