$NBIS , it looks like the short-sellers themselves are setting up a trap.
In an hour the price is −1%, but OI is already +23.5%, and volume is almost 7x higher than average.
The crowd quickly builds up shorts, and longs also pay them funding.
My short level is $215.54.
Targets: $208.83 → $204.37.
Stop: $222.25.
But the most interesting part starts if the price suddenly moves up.
When everyone’s on the same side, I always want to see who runs back first.
In an hour the price is −1%, but OI is already +23.5%, and volume is almost 7x higher than average.
The crowd quickly builds up shorts, and longs also pay them funding.
My short level is $215.54.
Targets: $208.83 → $204.37.
Stop: $222.25.
But the most interesting part starts if the price suddenly moves up.
When everyone’s on the same side, I always want to see who runs back first.
