If we find support at the first gap level, and see a strong reaction there could be potential for a technical short squeeze here.Filing the most recent GAP in confluence with the 100 MA might be a support zone.There are 3 possible scenarios I am going to look for, and they are illustrated in my attachments below.Firstly, if Mara can close hourly candles above $32 range, we might seem strong buy pressure as we try to flip resistance.Secondly, we are in a downtrend after a failed swing at $30 where we see a sharp rejection. Today, we have closed below my daily level at approx. $25, this level will be relatively important. If the price gets rejected at that price point, It would make sense to expect $22.50-$21.50. Finding support here, combined with good earnings may give this stock potential

We see a strong bullish reaction in NIO's shares, which have been rising steadily since last week, when they approached their bottom at $7.Around $7, we see a region of multiple support, present since June, but which has suffered several attempts to be breached during November and December, without success.Now, the price has made a strong enough reaction to break through some important medium-term resistance points, such as the 21 EMA, and more recently, the previous top at $8.51.In doing so, NIO's shares are sending a clear message that the medium-term trend is now upwards, as it is operating above various supports, and breaking through previous resistances.In theory, the next resistances are NIO's next targets, such as $9.22, or even the gap open at $10.22. Remember, gaps act as magnets