What does $APR 's position tell us? Its 24-hour position is up 129.86%, the price is down 40.09%, and open interest is around $6.89 million.
My take: shorts may be adding to their positions as prices fall, so the pressure may not have eased yet. But if the market stabilizes and rebounds, these short positions could become fuel for a rally.
What leverage do you think is appropriate? Let’s discuss in the comments.
My take: shorts may be adding to their positions as prices fall, so the pressure may not have eased yet. But if the market stabilizes and rebounds, these short positions could become fuel for a rally.
What leverage do you think is appropriate? Let’s discuss in the comments.