$UVXY - Short Setup
UVXY spiked from 16.3 to 24.8 during the tech rout and is now fading below its 9-period MA on declining volume. I'm looking to sell a bounce into the lower-high zone instead of shorting the middle.
Entry: 22.8 – 23.6 (on retest)
Stop-loss: 24.4
- TP1: 21.0
- TP2: 20.0
- TP3: 18.5
Reason: Failed attempt to hold 24.8, lower highs, price under the MA, and VIX products tend to fade once fear cools. A 1H close above 24.4 invalidates the setup.
📰 News: The Nasdaq fell over 5% in an AI-stock rout, with Nvidia down over 9% and Micron down over 17%. The S&P 500 fell about 4.4% in a day. That spiked volatility. If the selloff resumes, UVXY can rally again, so keep size small. The US jobs report is also due today.
⚠️ Volatility product, very volatile. Small size, low leverage.
Personal view, not financial advice. DYOR.
#UVXY #VIX #Binance #futures
UVXY spiked from 16.3 to 24.8 during the tech rout and is now fading below its 9-period MA on declining volume. I'm looking to sell a bounce into the lower-high zone instead of shorting the middle.
Entry: 22.8 – 23.6 (on retest)
Stop-loss: 24.4
- TP1: 21.0
- TP2: 20.0
- TP3: 18.5
Reason: Failed attempt to hold 24.8, lower highs, price under the MA, and VIX products tend to fade once fear cools. A 1H close above 24.4 invalidates the setup.
📰 News: The Nasdaq fell over 5% in an AI-stock rout, with Nvidia down over 9% and Micron down over 17%. The S&P 500 fell about 4.4% in a day. That spiked volatility. If the selloff resumes, UVXY can rally again, so keep size small. The US jobs report is also due today.
⚠️ Volatility product, very volatile. Small size, low leverage.
Personal view, not financial advice. DYOR.
#UVXY #VIX #Binance #futures
