$SOXLB #SOXLB
I remember seeing a sharp red move and thinking the selling must be nearly finished. But the market kept moving lower. That experience taught me to respect momentum, even when the move looks extreme.
SOXLB is among the notable losers in the list you shared. A large decline can create interest from traders looking for a bounce, but it also shows that sellers currently have strong influence.
I would watch whether the price can stabilize and whether volume begins showing stronger buying activity.
There is no need to predict the bottom. Waiting for a clear change in structure can provide better information.
When a market is moving quickly, emotions can become expensive. I prefer keeping the plan simple: identify the trend, watch important levels, manage risk, and wait for confirmation before making a trade.
I remember seeing a sharp red move and thinking the selling must be nearly finished. But the market kept moving lower. That experience taught me to respect momentum, even when the move looks extreme.
SOXLB is among the notable losers in the list you shared. A large decline can create interest from traders looking for a bounce, but it also shows that sellers currently have strong influence.
I would watch whether the price can stabilize and whether volume begins showing stronger buying activity.
There is no need to predict the bottom. Waiting for a clear change in structure can provide better information.
When a market is moving quickly, emotions can become expensive. I prefer keeping the plan simple: identify the trend, watch important levels, manage risk, and wait for confirmation before making a trade.