$SPCX is up 15% today, but this is not the part that caught my eye.
Open interest just jumped to the highest level on this chart while the top trader long/short ratio dropped sharply at the same time.
Price also bounced from around $104 to $132 almost in one move.
So now we have more money entering the trade, but top traders are becoming less one-sided.
That combination can create a nasty move in either direction 😅
For me, $SPCX is no longer just a 15% gainer story. This is starting to look like a leverage battle.
Breakout fuel or liquidation trap?
#SKHynixToInvest19.1TWonInM17Plant #DollarSetForBestDayInTwoWeeks #GoldBreaksOutFromJanuaryDowntrend
Open interest just jumped to the highest level on this chart while the top trader long/short ratio dropped sharply at the same time.
Price also bounced from around $104 to $132 almost in one move.
So now we have more money entering the trade, but top traders are becoming less one-sided.
That combination can create a nasty move in either direction 😅
For me, $SPCX is no longer just a 15% gainer story. This is starting to look like a leverage battle.
Breakout fuel or liquidation trap?
#SKHynixToInvest19.1TWonInM17Plant #DollarSetForBestDayInTwoWeeks #GoldBreaksOutFromJanuaryDowntrend