$BULLA
may have another rise higher
$BULLA pumped from $0.07 → $0.12, and then sharply pulled back to about $0.069.
But here's what caught my attention:
OI is recovering and is currently around $19.9M, while the shorts remain heavily overextended.
Many traders now think the pump is already over, and the next move should be down.
And that could be exactly what's fueling the next move higher.
If $BULLA starts pushing up again, the overextended shorts could be squeezed (short squeeze), causing liquidations and adding even more buying pressure.
I'm also watching for the next bullish move. 🚀
Maybe the short squeeze isn't finished yet.
may have another rise higher
$BULLA pumped from $0.07 → $0.12, and then sharply pulled back to about $0.069.
But here's what caught my attention:
OI is recovering and is currently around $19.9M, while the shorts remain heavily overextended.
Many traders now think the pump is already over, and the next move should be down.
And that could be exactly what's fueling the next move higher.
If $BULLA starts pushing up again, the overextended shorts could be squeezed (short squeeze), causing liquidations and adding even more buying pressure.
I'm also watching for the next bullish move. 🚀
Maybe the short squeeze isn't finished yet.