It’s hard to predict how the shorters will react to price momentum but I have tried to illustrate on a graph so it’s easier to visualise.
You can see if the price hits the $1.20 threshold shorters will find their balls retracting inside their body cavity.
At around $1.50 it will likely cause their balls to feel as though they are next to their heart.
At $1.80 they will experience the LTR effect where their balls are literally in their throat.
It’s hard to predict how the shorters will react to price...
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