WE WeWork reached $1.05 and there were a lot of calls added at that level.
They are either aiming for a Short Squeeze or a potential Buyout, in my opinion.
WE 52 week range: $1.05 - $130.80
I think we might see at least a 2X bounce from this level.
Looking forward to read your opinion about it.
WEWORK is registering significant volume increase this past few days / weeks with net buy volume surging 100% from 30M to 70M. The sudden spike is conveying that buyers are definitely back in the zone -- positioning on the company's upside reversal play in terms of technical and fundamental aspect.
KEYNOTES:
Unusual Histogram gap jump hinting of buyer's buying...
Earlier today, you might have noticed a short lived Pump on BINANCE:FLOWUSDT
a16z announced it's investment in Flow, a new startup by Adam Neumann (WeWork), same name, no relation to BINANCE:FLOWUSDT
The importance of due diligence before entering a trade.
I'm still following my original idea (linked below) for BINANCE:FLOWUSDT , slowly moving take profit...
WE is a textbook bullish bat pattern with more than 40% rally after hitting the entry.
Also, it's an weekly fakey to strengthen the bullish mindset in terms of chart.
While, the story of WE doesn't cheer its investors at all, the reason for the bounce is because the lose got narrowed.
Even in the very long run, its business model is still nothing to be optimistic...
