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$SOXL Funding rate -0.0235%
Negative, shorts are paying
Up 1.53% in a day, high of 49.71
Now at 45.70, 8% below the high
That's strange
Shorts paying means someone is trapped
But the price is still 8% below the high
Who's trapped? Those who chased the rally
No one will buy over the weekend, so they can only hold on
If it drops back to 43.51 at Monday's open
Those people will have to cut their losses
I'm not taking either side
Wait to see if 43.51 breaks on Monday
If it breaks, go short, if not, wait
(Not investment advice, you are responsible for your own gains and losses)