We had a lot of fun riding this explosive short squeeze. But this may be the perfect bull trap. The sentiment among short term traders is very bullish
. Also, recognize the perfect shoulder head shoulder formation, this is too good to be true. We may go a litte higher, but according to our wave scenario, there is one more massive downwave missing. This selling wave should lead to the support level
of 1, 01
. There, a new wave analysis has to clearify, if we may expect a longterm change in trend.