First, let’s see where the money is flowing. I’m putting a question mark over this bullish candle.
Let’s start with the takeaway: SOXL’s setup is slightly bullish, but it’s not confirmed yet, so I’m not betting on a direction here. It’s up 13.89%, with $3.218 billion in 24-hour trading volume—that’s real volume. But it’s only -0.7% from its 24-hour high, and it hasn’t pushed any higher since the surge, which tells me selling pressure is still overhead. I’m watching just two things: the top trader long/short ratio is 4.15, with long accounts making up 80.6%. Big traders are adding longs, but extreme readings often show up near local highs, so I’m treating this as a warning; the taker buy/sell ratio is 1.067, with taker buys clearly in the lead. That’s short-term strength, but it’s not confirmed yet. Across the sector, 74.1% of TradFi assets are up, so the broader environment isn’t a headwind. The key is still price: a break below 101.93 would mean this high-volume breakout was false, and I’d turn bearish; only a move above 104.6 would confirm the setup, and then I’d turn bullish. In between, it’s just chop—neither side has the edge. Are you holding this coin? What’s your entry price? Let’s talk in the comments.
Saying “I’m not sure” is worth more than making ten definitive claims.
— Where the Money Goes · Today’s #4: Once I’ve reached a conclusion, I’ll come back and check it against the facts.
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