What does $UAI 's position reveal? 24-hour positions are up 26.92%, while the price is down 43.98%, with open interest at around $5.59 million.
My take: shorts may be opening positions amid the decline, so short-term selling pressure may not have eased yet. But if the market bottoms out and rebounds, these short positions could become fuel for a rally.
Are you bullish or bearish?
#UAI
My take: shorts may be opening positions amid the decline, so short-term selling pressure may not have eased yet. But if the market bottoms out and rebounds, these short positions could become fuel for a rally.
Are you bullish or bearish?
#UAI
