Post

$SOXL The 3x leveraged token dropped 16 points this morning, while the underlying only fell 5.5


Q: Does this candle count as a bottom?
A: 65.53 was hit at 11 a.m., the session low
Q: Who pulled it back up?
A: 56.06 million contracts traded on the 1 p.m. candle, 21 million more than on the 11 a.m. sell-off
Q: Can I chase it now?
A: The chart closed at 74.86; it's now at 75.23. The area 3.28 above is breakeven sellers' territory
(Not investment advice; trade at your own risk)
View Original
post-image
This page contains third-party content and does not constitute any advice, nor does it represent Gate's endorsement of such views. For details, please see disclaimer.
SOXLSOXL-1.16%

  • 2

Add a comment
Add a comment

Comment
PositionSplitter
an hour ago
At the level of 56.06 million units, some funds appear to be accumulating, but we’ll need to watch for another week to see whether this is the bottom
0View Original
GasFeeAssassin
an hour ago
11 a.m. sell-off, afternoon rebound; intraday shift from divergence to consensus, but chasing highs carries more risk than opportunity
0View Original
StockMirror
an hour ago
The “not investment advice” disclaimer is the key; 3x leverage is a heart-pounding ride, and you’re responsible for your own gains and losses
0View Original
MaxDrawdown
an hour ago
Volume leads price; the afternoon’s high-volume buying support shows that funds are bullish, but whether to chase is up to your personal risk appetite
0View Original
YieldHog
an hour ago
Closed at 74.86 and currently quoted at 75.23. This slight premium suggests after-hours sentiment is holding up; tomorrow is key
0View Original
FloorPanic
2 hours ago
First Review
A 3x leveraged stock can drop 16 points in a day like it’s nothing. If you don’t have the nerves, stay away
0View Original