Reading the newly released data from Ortex saying 31 million short shares were returned Wednesday June 2nd
This may explain the volatile spike to $75 as a margin call + short squeeze
twitter.com/ORTEX/status/1400895319383158789
We saw another spike to $67 on Thursday, but that data won't be released until Monday (2 day settlement)
More important to me is the newly established trend (Blue Channel) since May 24th
This I believe marks the day the hedge funds gave up and the price is now controlled by retail investor demand (Apes)
Even if the price drops to $38 next week, if the lower line becomes the new lower support, that channel is growing by 3% per day with the potential of more short and gamma squeezes
This may explain the volatile spike to $75 as a margin call + short squeeze
twitter.com/ORTEX/status/1400895319383158789
We saw another spike to $67 on Thursday, but that data won't be released until Monday (2 day settlement)
More important to me is the newly established trend (Blue Channel) since May 24th
This I believe marks the day the hedge funds gave up and the price is now controlled by retail investor demand (Apes)
Even if the price drops to $38 next week, if the lower line becomes the new lower support, that channel is growing by 3% per day with the potential of more short and gamma squeezes
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.