📉 $SNXX Big Sell Off 🤯🔥
SNXX (Tradr 2X Long SNDK Daily ETF) is down about 26% today and trading near $4.00.
📊 What the chart shows:
• Price peaked at $49.34 and has fallen about 92% since
• It's trading below MA(7) at 10.83 and MA(25) at 18.20
• The last several weekly candles are red
• The recent low is $3.13, a key level to watch
⚠️ Why it's risky:
SNXX is a 2x leveraged daily ETF. In choppy markets it loses value over time (volatility decay), so it's built for short holds, not long swings.
$SNXX
🔴 Short idea:
Wait for a weak bounce to $5.00 – $5.50 that fails to hold.
Stop loss above $6.00.
🟢 Long idea (quick bounce only):
Only if price holds above $3.13 and reclaims about $5.50.
Keep the stop tight.
💡 Bottom line:
The trend is down, but after a 92% drop a sharp bounce can happen anytime. Don't chase. Wait for confirmation, use a stop loss, and keep position size small.
This is not financial advice. Do your own research. 🙏
💬 What's your view on SNXX, bounce or more downside?
#US10YearTreasuryYieldFallsTo4.845%
SNXX (Tradr 2X Long SNDK Daily ETF) is down about 26% today and trading near $4.00.
📊 What the chart shows:
• Price peaked at $49.34 and has fallen about 92% since
• It's trading below MA(7) at 10.83 and MA(25) at 18.20
• The last several weekly candles are red
• The recent low is $3.13, a key level to watch
⚠️ Why it's risky:
SNXX is a 2x leveraged daily ETF. In choppy markets it loses value over time (volatility decay), so it's built for short holds, not long swings.
$SNXX
🔴 Short idea:
Wait for a weak bounce to $5.00 – $5.50 that fails to hold.
Stop loss above $6.00.
🟢 Long idea (quick bounce only):
Only if price holds above $3.13 and reclaims about $5.50.
Keep the stop tight.
💡 Bottom line:
The trend is down, but after a 92% drop a sharp bounce can happen anytime. Don't chase. Wait for confirmation, use a stop loss, and keep position size small.
This is not financial advice. Do your own research. 🙏
💬 What's your view on SNXX, bounce or more downside?
#US10YearTreasuryYieldFallsTo4.845%
