With it still being so heavily traded, it's bound to break at some point?
With that being said, when it does break out, whats stopping it from crashing even lower?
With it still being so heavily traded, it's bound to break at some point?
With that being said, when it does break out, whats stopping it from crashing even lower?
With all the resistance above, bag holders might be happy to unload, while at the same time bears might keep shorting it. I do see the break out imminent at some point, it is just a matter of time, and it will be due to a massive short covering imho. My ultimate guess is that the party won't last if it breaks out.