SOXL is now around 142. I’m choosing to wait and observe from here.
The trend isn’t too bad: over the past 4 hours it’s still moving upward overall, and the last 24 hours are still red. Earlier, it pulled from 140 and ran up to 144.9. However, the short-term momentum just dipped below the 15-minute double moving averages, and the 4-hour candle has turned green—after this spike, it looks a bit lackluster, and the short-term rhythm has weakened.
The key is the contract side—nothing has broken down. Aggressive成交 (active trading) buy volume accounts for about 60%, and the long-vs-short ratio is 1.56. The fee rate has turned positive again, but it’s still light, so it doesn’t count as overheated. More importantly, the big “first-line” whales are still adding positions; the long ratio has risen to over 60%. At this level, there is clear support.
That means this pullback looks more like a normal breather after a high, not an obvious distribution/top. But the data still isn’t strong enough for me to chase it right now.
So my plan: don’t chase. First, see whether the low around 140 can hold. If later price reclaims and stays above the moving averages and the volume picks up, then that would be the better entry in line with the trend. Jumping in directly right now has mediocre risk-reward—let the market give confirmation first.
#soxl $SOXL
The trend isn’t too bad: over the past 4 hours it’s still moving upward overall, and the last 24 hours are still red. Earlier, it pulled from 140 and ran up to 144.9. However, the short-term momentum just dipped below the 15-minute double moving averages, and the 4-hour candle has turned green—after this spike, it looks a bit lackluster, and the short-term rhythm has weakened.
The key is the contract side—nothing has broken down. Aggressive成交 (active trading) buy volume accounts for about 60%, and the long-vs-short ratio is 1.56. The fee rate has turned positive again, but it’s still light, so it doesn’t count as overheated. More importantly, the big “first-line” whales are still adding positions; the long ratio has risen to over 60%. At this level, there is clear support.
That means this pullback looks more like a normal breather after a high, not an obvious distribution/top. But the data still isn’t strong enough for me to chase it right now.
So my plan: don’t chase. First, see whether the low around 140 can hold. If later price reclaims and stays above the moving averages and the volume picks up, then that would be the better entry in line with the trend. Jumping in directly right now has mediocre risk-reward—let the market give confirmation first.
#soxl $SOXL