$SOXL For now, don’t just focus on up or down; price-positioning and active orders are even more important.
On the 15m timeframe: price -0.19%, open positions -3.44%. This currently feels more like “funds leaving the market”: both long and short sides aren’t rushing to add—money is first getting withdrawn, and the price action is likely to become grindy.
Active buys account for 47.7%; market orders are still fairly balanced. The long-to-short participant ratio is 1.34—sentiment is leaning, but it’s not at an extreme yet.
Ending deleveraging doesn’t mean a reversal. Active buying and selling still needs to be given a fresh direction.
On the 15m timeframe: price -0.19%, open positions -3.44%. This currently feels more like “funds leaving the market”: both long and short sides aren’t rushing to add—money is first getting withdrawn, and the price action is likely to become grindy.
Active buys account for 47.7%; market orders are still fairly balanced. The long-to-short participant ratio is 1.34—sentiment is leaning, but it’s not at an extreme yet.
Ending deleveraging doesn’t mean a reversal. Active buying and selling still needs to be given a fresh direction.