Well written. Unlike CANN which went from 10 to 20 then 10, we have much less attractive situation for shorts here. And for longs too. Shorts will need to cover now, tmr max. We might touch 18-19, but it doesn't look like bounce to 15s. There's simply no dynamics for that. Planning to cover at anything below 18 seems risky (might not fill short term if ever). In the end, this could lead to squeeze tomorrow (day sooner than CANN), however low spread of prices first 2 days could mean also lower potentional spike for longs later (only 30s instead of projected CANN-to-PHOT approximed max.spike of 0.45). So not astonishing reward for those who bought short at ~22, and not exciting reward for those who bought at ~22. Lucky shorts @27 and lucky longs @16:)
Let's see where we get today.
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