This thing is behaving like a “real stock” in that the build up and anticipation of something good is starting to occur…much like the way a FANG type stock acts prior to earnings or product releases. If the sentiment is positive, the major price movement happens BEFORE the news. I see similar patterns in price action and volume here. Traders are jockeying for position and shorts are on high alert. Big buyers want in and shorts want to carefully exit. Nobody wants to miss out and nobody wants to get caught with their pants down. This is where explosive moves are born.
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