Watching this one closely todayđ
After that brutal bleed down to the $28-$30 range, $SOXS is finally showing some life on the 1D chart.
Currently trading around $35.38 (+4.4% on the day) and printing some solid green candles with decent volume coming in.
It looks like it's trying to establish a local bottom and reclaim some ground.
Remember, $SOXS is the 3x Bear ETFâso this play is essentially a bet that semiconductors will cool off and pull back from here.
đ Trade Setup (Long):.
đŻ Entry Zone: $35.00 - $35.40
đŻ Target 1: $38.00
đŻ Target 2:$41.50
đ Stop Loss: $32.50
$SOXS
After that brutal bleed down to the $28-$30 range, $SOXS is finally showing some life on the 1D chart.
Currently trading around $35.38 (+4.4% on the day) and printing some solid green candles with decent volume coming in.
It looks like it's trying to establish a local bottom and reclaim some ground.
Remember, $SOXS is the 3x Bear ETFâso this play is essentially a bet that semiconductors will cool off and pull back from here.
đ Trade Setup (Long):.
đŻ Entry Zone: $35.00 - $35.40
đŻ Target 1: $38.00
đŻ Target 2:$41.50
đ Stop Loss: $32.50
$SOXS