DRAM is now at 55.3u, and it’s popping back up—higher than before.
In the first two posts, I said 52.6 was done and 51.9 was done, but it ended up bouncing to 55.3. I don’t get it. I call it out, and then it just keeps rising; when it levels off, that’s fine—if it doesn’t, then it’s wrong. It feels like this market is watching my little position to see what it can do.
But looking at the data, open interest dropped by ten percentage points in a day. When it went up, money was flowing out. Whale accounts are also trimming—down by almost a tenth. The number of passive sell orders is higher than buy orders; sellers are more eager than buyers.
The price went up, but support didn’t keep up. I won’t chase it from this level—I'll wait for it to choose a direction on its own.
If it wants to keep rising, then we can talk after a pullback and stabilization. Is it the same old script again—just harvest and be done?
#dram $DRAM