What does $Lobster's position reveal? Its 24-hour position is down 10.92%, while the price is up 18.05%, with about $22.98 million in positions on the exchange.
My take: It looks more like shorts are closing out, and the price rise may be driven mainly by buybacks. Once the short covering dies down, the question is whether new longs will step in.
Share your position management strategies in the comments.
Data is from public sources; please verify it yourself.
My take: It looks more like shorts are closing out, and the price rise may be driven mainly by buybacks. Once the short covering dies down, the question is whether new longs will step in.
Share your position management strategies in the comments.
Data is from public sources; please verify it yourself.