I recently read an article which talks about the large amount of leveraged long interest on derivatives on $FIL which leads me to believe that there could be a long squeeze of some sort.
Institutional and retail are hedging there bets on the proposed supply cut which is due to happen on the 15th of October 2021.
This could be a long squeeze to wipe out those trading on leverage before a larger mover higher.
×××I'M TRADING ON LEVERAGE*** 50x
I look for risk. Its my nature.