Atm this is a fifty fifty trade
There is so many on each side of the setup
If we go higher with confirmation - volume and delta behind i could see a squezze
the same is counting for the short side
a range is more probable - otherwise I will wait for either a claim of VAL to go long (backtest eg.)
If new lows of the day is made and momentun start shifting to the short side I would foresee a rotation back to the range lows
There is so many on each side of the setup
If we go higher with confirmation - volume and delta behind i could see a squezze
the same is counting for the short side
a range is more probable - otherwise I will wait for either a claim of VAL to go long (backtest eg.)
If new lows of the day is made and momentun start shifting to the short side I would foresee a rotation back to the range lows