Li Auto LMAO why wouldn't you short it. $24.50 Rebuy.
Negative short term moving averages Negative Tom demarks sequential Also announced a Stock offering - creating more sell supply. (TSLA stock offering = crash, DKNG offering = crash)
The confluences: The 4 HR and Daily TD support Both @ 24.80 0.786 Fib at 24.50 - Roughly 55% crash from top 50 Daily moving average
Would look to rebuy Li At 24.50ish
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Shorted 32, and Praying.
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Reshorted 31.5.
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So many people keen to 'buy this dip'
They're all in for a surprise...
To me it's a classic bubble pattern, the denial stage, hence we should wait for capitulation, may go well below 24.50.
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