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The last financial results fell from just under $140 to below $100 (almost $90). Even with good results, there tends to be a saturation of information. I wonder why? It's okay if it's not a sign of a high price range?
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$MicroStrategy (MSTR.US)$
I am looking at the chart of virtual currency-related stocks for the first time, and it seems like there was a significant drop yesterday due to reports on short sell institutions.💦
Of course, there are also many individual shorts...however! On the contrary, I would like to consider at what point short covers (stop-loss) occur from the perspective of someone like me who also shorts.
⭐︎ Point 1: 461
The position of the 50% retracement of yesterday's candlestick chart is nicely aligned with the low of the day before yesterday, which could trigger short covering if surpassed. ✨ However, there may also be many short sellers looking to average down just slightly below that.
⭐ Point 2 RSI exceeding 70
Short-term RSI at 68.69 at the time of the post, and if it exceeds 70 again, it may suggest the continuation of the trend, likely prompting withdrawal from the short sell ✨
⭐ Top favorite ⭐ 543
First of all, short selling is usually done by technical enthusiasts. The reason for entering the short this time is because yesterday's candlestick chart included the outside bar and incorporated the previous two days, which is considered the basis.
In other words, if it surpasses the bearish candlestick from yesterday, the basis will be invalidated and it is advisable to withdraw...
I am looking at the chart of virtual currency-related stocks for the first time, and it seems like there was a significant drop yesterday due to reports on short sell institutions.💦
Of course, there are also many individual shorts...however! On the contrary, I would like to consider at what point short covers (stop-loss) occur from the perspective of someone like me who also shorts.
⭐︎ Point 1: 461
The position of the 50% retracement of yesterday's candlestick chart is nicely aligned with the low of the day before yesterday, which could trigger short covering if surpassed. ✨ However, there may also be many short sellers looking to average down just slightly below that.
⭐ Point 2 RSI exceeding 70
Short-term RSI at 68.69 at the time of the post, and if it exceeds 70 again, it may suggest the continuation of the trend, likely prompting withdrawal from the short sell ✨
⭐ Top favorite ⭐ 543
First of all, short selling is usually done by technical enthusiasts. The reason for entering the short this time is because yesterday's candlestick chart included the outside bar and incorporated the previous two days, which is considered the basis.
In other words, if it surpasses the bearish candlestick from yesterday, the basis will be invalidated and it is advisable to withdraw...
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$Borr Drilling (BORR.US)$
It's coming quietly 🤫
It's coming quietly 🤫
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$Super Micro Computer (SMCI.US)$
It was indeed the right decision to buy it.
It was indeed the right decision to buy it.
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