What does $Q ’s position reveal? Over 24 hours, positions are down 10.69%, the price is up 5.45%, and funds in the market total about $21.4 million.
My take: it looks more like shorts are closing out, with the price likely being driven mainly by buybacks. Once that wave of covering is over, we’ll need to see whether new longs step in.
What leverage do you usually use?
My take: it looks more like shorts are closing out, with the price likely being driven mainly by buybacks. Once that wave of covering is over, we’ll need to see whether new longs step in.
What leverage do you usually use?