🚨 $MVLLB just erupted from 24.35 to 30.66 in one session — leveraged plays like this move fast both ways.
This is a 2x leveraged ETF on MRVL, so today's spike is amplified — the actual MRVL stock is down 1.86% right now, meaning this run is mostly leverage mechanics, not organic demand.
RSI at 61 still has room, but I'd rather buy a retest than chase the candle.
Entry: 28.50–29.83
TP1: 30.81 | TP2: 32.20
SL: 26.77
Wrong if it closes back under 27.97.
#MVLLB #Leveraged
This is a 2x leveraged ETF on MRVL, so today's spike is amplified — the actual MRVL stock is down 1.86% right now, meaning this run is mostly leverage mechanics, not organic demand.
RSI at 61 still has room, but I'd rather buy a retest than chase the candle.
Entry: 28.50–29.83
TP1: 30.81 | TP2: 32.20
SL: 26.77
Wrong if it closes back under 27.97.
#MVLLB #Leveraged
