Potential Short Squeeze in play; must cross above the local resistance (~30700). I believe there is a substantial amount of stop losses at the red dashed line which would cause a cascading short liquidation. If it shows weakness after/if it crosses above I may look to exit early.
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1 Last resistance to break? imo i don't think it have much trouble going through the yellow circled zone. Unfortunately there aren't many big short positions that have been liquidated so far
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