(UPD) NNE: Are the bears ready for a short squeeze? Nano Nuclear Energy Inc.BATS:NNETotoshkaTradesNNE Greetings, colleagues! I‘m updating the technical picture for NANO Nuclear Energy Inc. on the weekly timeframe as a follow-up to my previous publication. An extremely interesting entry setup is developing: after a prolonged decline from the all-time high of $60.87, price is trapped inside a descending wedge and is approaching its apex, which historically precedes a powerful impulsive breakout. The current drop has brought us into the key medium-term support zone of $15.00–$15.60, which represents a deep 78.60% Fibonacci retracement of the entire historical impulse from $3.25 to $60.87. This is a classic global pivot level where large capital begins to defend positions and re-accumulate for long-term portfolios. Technical indicators fully confirm an upcoming reversal: CCI has plunged into deeply oversold territory at -150.08, indicating seller exhaustion, while a clear bullish divergence is forming on the weekly RSI as price makes lower lows while the indicator prints higher lows. At the same time, the technical reversal from the 0.786 Fibonacci level is backed by a powerful fundamental factor: short interest stands at approximately 39.5% of the float with Days to Cover above 6 days. The very first attempt to rally or strong news from the Q2 earnings report on August 13 will force bears to panic-cover at market, triggering a cascading short squeeze. Our trading plan is as follows: accumulate positions in the long-term buy zone of $15.00–$15.60. Take-profit targets: TP1 at $27.87 (nearest mirror resistance), TP2 at $38.50 (upper wedge boundary), and TP3 at $48.05 (global target on a pattern breakout). This publication is for informational purposes only and does not constitute individual investment advice. Share your thoughts in the comments and don‘t forget to like this idea if you found it helpful!