Trading View: Technical signals indicate short-term bearishness on semiconductors, and the KOSPI index, as a leading indicator, has broken below its 50-day moving average.

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BlockBeats news: On July 3, trader 3X Long Labubu said that, based on technical signals, he is bearish on the semiconductor sector in the short term—especially memory and semiconductor equipment. He has already closed the related positions and shifted to more defensive software stocks and the U.S. “Magnificent Seven.” His specific logic is that the Korea stock index KOSPI often serves as a leading indicator for the semiconductor cycle; it has now fallen below the 50-day moving average. Micron Technology has also fallen below the 21-day moving average.

The trader plans to reassess next week. If Micron Technology (MU) regains its key level, he will automatically refill the position via buy stop-loss orders.

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