$MVLL 20:00 Huge volume spike pushed it to 19.88, with 29M in turnover, then it turned around and kept getting dumped. The current price is hovering around 14.6, already down 20% in 24h.
Open interest surged by over 70% in 48h, and the value rose along with it—this looks more like shorts adding positions and selling, not a precursor to a short-squeeze rebound. RSI has dropped to around 11. Yes, it’s oversold, but don’t buy the dip unless a weak rebound gets back above 16. MA20 is still pressing down around 18. Not investment advice.
#MVLL #Trend
Open interest surged by over 70% in 48h, and the value rose along with it—this looks more like shorts adding positions and selling, not a precursor to a short-squeeze rebound. RSI has dropped to around 11. Yes, it’s oversold, but don’t buy the dip unless a weak rebound gets back above 16. MA20 is still pressing down around 18. Not investment advice.
#MVLL #Trend
