The more a shortseller spills the same spill, and prices make higher lows,
That tells OTHER large shorts that there is someone trying to close out their position.
Won't be long the more noise is made to down ramp at a support level the more likelihood of 12c wiping
As mentioned 10.5c to 11.5c has been a solid base (i didn't think 12c will get dumped into) so that told me a short is actually getting squeezed and has felt pain
Just like I felt a little pain knowing I could have gotten a 12c entry yesterday or even 11.5c today I could have scalped my way out of my drawdown but there's nothing MORE painful, than a short squeeze. I've taken a Loss as a Long, and as a Short... they sting far worse being short.
All the best someone's beating you lot to a 12c cover. And that huge red candle and volume yesterday,...some would have expected far worse an outcome today.
Was VERY tempted to add to the position but I am at my availability before risking Margin Calls lol
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