With the 4H candle closing in ~15 minutes and RSI sitting at

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With the 4H candle closing in ~15 minutes and RSI sitting at an extreme 72.7 overbought level, $SOXSB is bound for a short-term correction over the next 4 hours!

My Projection: A healthy pull-back straight down to the $46.60 EMA 7 support!

🔴 SHORT: Target $46.60 within the next 4 hours

Who is taking profits or shorting $SOXSB with me before the dip? Drop your comments below! 👇

R9P

$SOXSB (Direxion Semiconductor Bear 3X ETF) is currently trading at $48.90 (+11.77%), approaching its local peak of $53.32!

Key Time & Technical Breakdown:
Time Remaining: Exactly ~15 minutes left before the current 4H candle closes!
JPG
Extreme Overbought RSI: RSI(6) has surged to 72.71, signaling a heavily overbought condition on the 4H timeframe.

Correction Target: If rejected near the $49.00 - $53.00 resistance zone, expect a healthy pull-back toward EMA 7 ($46.62) and EMA 25 ($46.28) support levels over the next 4–8 hours.

Final Verdict: High risk of a short-term correction after the 4H candle close!

Will $SOXSB break $53 or retrace to $46? Drop your thoughts below! 👇

Haftungsausschluss: Enthält Meinungen von Drittanbietern. Keine Beratung. Binance AI wird ohne Gewähr bereitgestellt. Siehe AGB.

SOXSB+18,78%