Holy shit you guys were serious about buying every dip huh 🤣 I know you guys saw the price continuously bounce off $9 today before comfortably staying above $9.50. You guys were the reason it ended green while the market was red.
Idk if it's just me but it feels like a lot of the paper hands have already left LFVN. Now it seems like the people who are still here actually want to see this trade/squeeze play out and aren't getting shaken out by the dips.
I also think it's worth pointing out that $9 was successfully defended today. That's a level I was watching pretty closely. We're continuing to put in higher highs and higher lows, which is exactly what I'd want to see if this thing is going to make a bigger move.
My hope for next week is that we have multiple geeen days (like we did this week) where we actually break through $11 and turn $10 into support. Then if momentum keeps building, maybe we can start talking about making $11 the new floor after that. Once $11 becomes the new floor… all I can do is pray for the shorts at that point…
That being said, I would start getting concerned if we lose $9 support and then start losing $8.50, $8, $7.50, etc. The bull case gets a lot harder to argue if we're making lower lows instead of higher lows. As of right now though, that's not what I'm seeing.
Enjoy the weekend LFVN bulls. Let’s give the shorts a break… for now ⏰⏳