If the selloff rages on, we will see the stock testing 1.18$, completing a head and shoulders pattern. We can see on the 1h chart that MACD and RSI indicate a potential bullish reversal.
Right now shorts hold 18% here with a short ratio of 0.13.Let's see if they can squeeze this lower or will eventually end up being squeezed out by longs.
Good luck everyone
Right now shorts hold 18% here with a short ratio of 0.13.Let's see if they can squeeze this lower or will eventually end up being squeezed out by longs.
Good luck everyone
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.