EWY was pulled up to around 168, and in one day it gained nearly ten percentage points.
But the open position size dropped by 16% in a single day. As the price rose, positions were reduced, and the money kept flowing out.
I don’t get it—when it goes up, the money is leaving. So who is this rally for?
The buy orders in the order book are about half as thick as the sell orders. Not many people are willing to catch the bag at this level.
The whale has 75% of its position in long, and it’s already all in. If it goes higher, who’s going to take the other side?
Every time it rallies, it’s the same script. Let’s wait for a pullback and then reassess.
#ewy $EWY
But the open position size dropped by 16% in a single day. As the price rose, positions were reduced, and the money kept flowing out.
I don’t get it—when it goes up, the money is leaving. So who is this rally for?
The buy orders in the order book are about half as thick as the sell orders. Not many people are willing to catch the bag at this level.
The whale has 75% of its position in long, and it’s already all in. If it goes higher, who’s going to take the other side?
Every time it rallies, it’s the same script. Let’s wait for a pullback and then reassess.
#ewy $EWY