For now, I won’t take my eyes off $LAB .
The reason is simple: short positions have concentrated with a lot of confidence in the same point. 4.71 M vs. 709 K — the difference is enormous.
Now imagine this: the price starts rising little by little, the first short positions close, the price keeps climbing, and then those who are short begin to panic… and that’s how the market itself drives the price up.
With $LIGHT , the incline is smaller, but most of the short positions are also in the red.
So I’m just watching. There could be an interesting opportunity here.
The reason is simple: short positions have concentrated with a lot of confidence in the same point. 4.71 M vs. 709 K — the difference is enormous.
Now imagine this: the price starts rising little by little, the first short positions close, the price keeps climbing, and then those who are short begin to panic… and that’s how the market itself drives the price up.
With $LIGHT , the incline is smaller, but most of the short positions are also in the red.
So I’m just watching. There could be an interesting opportunity here.
