$NEBIUS(NBIS)$ Everyone is talking about Burry's new bearish position on NBIS.
What almost nobody is mentioning is the timing.
The stock has already broken out from a major support zone and is now retesting that breakout level, a setup traders often look for before the next leg higher. I don't know the exact structure of Burry's bearish trade, but from a short term technical perspective, betting against this price action looks difficult to justify.
If Wave 5 eventually extends toward the 410 area, that's a different conversation. Right here, the chart is telling a very different story than the headlines. That's why I always follow price first and narratives second.
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