PNV - Chart, page-19339

Just a reminder

Bears have gone all in

Bulls haven't budged
If Bulls don't throw in the towel, the next step is bears have to cover
This is not a time to be opening short positions

The decision is whether to hold or close your short positions

They could keep this under 2.41 to keep retail selling & then squeeze them out with a bounce & yet still be a downtrend

This could be a downtrend & if you get the range wrong it could be slightly costly but eventually you get paid out

But if this is a continuation of the melt up & you get it wrong it can be very costly

As retail keep cashing out thinking they've reached market top, they panic buy again driving prices higher

How else do you think markets go up?