The Buy Limit orders were resting @$3.99 because Market Sell orders were making new lows, but price action wasn't which means Buy LImit orders absorbed all the market sell orders. Those sellers had to cover when they couldn't push price to a new low.
there's no ONE point ($3.99) that caused shorts to get squeezed. If you didn't notice, shorts got squeezed over and over again. Thursday and Friday.
this was a strong techical reason why the squeeze was likely and not just a random guess @$3.99. When market orders are making new lows, but price action isn't it 's a heads up to pay attention for a high probability trade@strongheart
What are you looking at when you say market orders are enter new lows but price action isn't? Where's the divergence evident?
the bottom chart is market orders, click on the chart for a bigger chart to read the comments on the chart
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