$GPRO In this round, I’m going long rather than short—contract positions doubled in just seven hours, and the total position value rose in sync. Prices took off together with positions, as money poured into the long side in formation, and the atmosphere is getting increasingly heated. After nearly a 30% gain in four hours without a break, the current price is still firmly above the two moving averages, momentum shows no sign of easing, and the bears’ escape route has been sealed shut by the bulls.
