May. 13 at 10:11 AM
$VRAX It has been on a run, likely pumped by day traders. The run was probably capped by trapped shorts then the day traders took their profits at the top.
The price is now at a support level where longs step back in as it looks cheap, also swing traders load for the next run. Baggies from the last run are now forced swing traders.
The shares are trading hands from weak to strong/semi-strong and a spring forms. If the price runs again these will chase the price and the day traders step back in.
Until we get a catalyst the shorts are buying to return their shares (cover) and capping the ask to stop any weak moves getting out of control (for them).
There are catalysts coming.