$SPCX Rocket 142: Can this position still continue to go short with space?
At position 142, the “Jujing” has placed a $200 million short order— is this a bull trap designed to lure shorts, or is it a true short?
Judging from the order book, around 142 is exactly the high point of the prior rebound, and also a key resistance level from the previous drop. The “Jujing” choosing to place orders here makes it highly likely that it’s to hedge for the rebound opportunities and to help unwind positions.
For a long period of sideways consolidation, the market is waiting for a new catalyst to determine the direction. Once it breaks out, it’s often accompanied by a major move.
Next, Xiangxiu will keep watching the market and look for new entry opportunities. Key levels will be announced to the chat room immediately when they appear!
#韩股KOSPI进入技术性牛市
At position 142, the “Jujing” has placed a $200 million short order— is this a bull trap designed to lure shorts, or is it a true short?
Judging from the order book, around 142 is exactly the high point of the prior rebound, and also a key resistance level from the previous drop. The “Jujing” choosing to place orders here makes it highly likely that it’s to hedge for the rebound opportunities and to help unwind positions.
For a long period of sideways consolidation, the market is waiting for a new catalyst to determine the direction. Once it breaks out, it’s often accompanied by a major move.
Next, Xiangxiu will keep watching the market and look for new entry opportunities. Key levels will be announced to the chat room immediately when they appear!
#韩股KOSPI进入技术性牛市