$EDEN After this sharp surge upward, it clearly can’t hold anymore and starts dropping. The long side is clearly unable to keep up.
Contract positions continue to pile up, but the big players’ profit-taking orders are basically exiting; only a bunch of retail traders remain, following the trend and rushing in to take the bag.
The market cap is not big to begin with, and the chips are fairly concentrated. This whole rally was propped up purely by funds jumping in to buy. Now there’s a lot of profit-taking waiting to realize gains. Once the heat fades, it’s easy to see a rapid plunge.
In terms of strategy, it’s suggested to wait for a rebound, then enter to short.
#韩股KOSPI开盘破7000点 #SpaceX空头持仓降至11%
Contract positions continue to pile up, but the big players’ profit-taking orders are basically exiting; only a bunch of retail traders remain, following the trend and rushing in to take the bag.
The market cap is not big to begin with, and the chips are fairly concentrated. This whole rally was propped up purely by funds jumping in to buy. Now there’s a lot of profit-taking waiting to realize gains. Once the heat fades, it’s easy to see a rapid plunge.
In terms of strategy, it’s suggested to wait for a rebound, then enter to short.
#韩股KOSPI开盘破7000点 #SpaceX空头持仓降至11%