Looking at volume at close, it dropped like a brick, but volatility was still high as hell. A low volume move down like that in AH screams manipulation. My thoughts are that friday was mostly FOMO, and there wasn’t actually a whole lot of covering. Weve seen this kind of move play out in the big squeezes before. Maybe hopium, but I bought back in.
Edit: And like clockwork, a minute after I post this, we get an upwards halt.
Edit 2: Back to back upwards halts, 2 in a row in a 25% move up… hold on guys.
Edit 3: looking at the 1m chart, its looking suspiciously like a wyckoff accumulation. Low timeframes can be hard to read, but the big moves and patterns are there.
submitted by /u/Tripartist1 to r/Shortsqueeze
[link] [comments]