Community discussions
Backwardation playing out. Jan ($4.83) above Feb ($4.42).
Big money selling/shorting. Retail bought the hype at$4.92.
Technical breakdown:
15min: Failed
1h: Failed
4h: Watching for failure key
Key levels if they don't hold:
$4.83, $4.79, $4.76, $4.73, $4.65, $4.62
If right, expect fast move lower, trap retail rope a dope, (not straight line).
Bulls may take one more swing up before final drop.
Let's see how it plays out.
Good hunting.
It a good start for Bearish Market