It’s already risen this much and you still think there’s a limit? In a seven-day run that’s nearly doubled, three days ago it was still lingering near the lows—now it’s directly pushing into the area near the highs and consolidating there. With this kind of speed, shorts don’t even get a chance to board. When the price is being driven upward, the futures open interest has also hit a new high. The newly entered positions have been running right along with it, and the order book hasn’t really loosened at all. This is a trend, not a rebound. If you want to wait for a pullback, just wait slowly—by the time you’re waiting and waiting, you’ll find the train has already left.