$SOXL The short squeeze is over, and major players are distributing at elevated levels. Beware of a sharp pullback!
This rally was driven entirely by short covering. Short positions have now plunged, and big players are taking profits and getting out at these highs. The major players are using the squeeze to lure in buyers and unload their positions—don't get caught holding the bag.
On the one-hour chart, price hit a high of 93.88 before plunging in a long bearish candle. The MACD has formed a bearish crossover at elevated levels, making the short-term top signal clear. The capital flow charts show intense outflows across every timeframe from 1h to 12h.
Trading recommendation: Go short decisively!
Look to enter short on rallies into the 92–93 resistance zone; add to your position if price breaks below 90.
Rationale: The short squeeze is over, and capital is accelerating its exit.
Want to know the specific stop level and take-profit targets? Fanxin will help you make the most of this big pullback from the highs!
#富兰克林邓普顿申请股息转比特币ETF $KORU $TQQQ
This rally was driven entirely by short covering. Short positions have now plunged, and big players are taking profits and getting out at these highs. The major players are using the squeeze to lure in buyers and unload their positions—don't get caught holding the bag.
On the one-hour chart, price hit a high of 93.88 before plunging in a long bearish candle. The MACD has formed a bearish crossover at elevated levels, making the short-term top signal clear. The capital flow charts show intense outflows across every timeframe from 1h to 12h.
Trading recommendation: Go short decisively!
Look to enter short on rallies into the 92–93 resistance zone; add to your position if price breaks below 90.
Rationale: The short squeeze is over, and capital is accelerating its exit.
Want to know the specific stop level and take-profit targets? Fanxin will help you make the most of this big pullback from the highs!
#富兰克林邓普顿申请股息转比特币ETF $KORU $TQQQ
