Watch for a cross on the MACD coming soon potentially. The RSI is near historical lows which is another good sign. Regarding the massive amount of short positions, once they get squeezed, wait for the pull. cheers and happy trading sorry for the short response today
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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.