SOXL has made it onto the 24h unusual activity list, but right now there is only one conflict to watch: can the hype turn into effective support.
Binance TradFi perpetuals (equities) | SOXL is up +12.86% over the past 24 hours, and the strength is still there. For continuation, first watch for a pullback. Current price is around 115.7, and 24h trading volume is around 100.4 million.
The 30m ATR trend-band reference level is 110.405139, and the current price is above it, which suggests the structure still leans toward trend continuation.
Only watch two levels: after the 30m open interest change of -3.8%, can price continue to strengthen; and can the current price hold the ATR trend-band reference level at 110.405139.
#SOXL #unusual alert
Binance TradFi perpetuals (equities) | SOXL is up +12.86% over the past 24 hours, and the strength is still there. For continuation, first watch for a pullback. Current price is around 115.7, and 24h trading volume is around 100.4 million.
The 30m ATR trend-band reference level is 110.405139, and the current price is above it, which suggests the structure still leans toward trend continuation.
Only watch two levels: after the 30m open interest change of -3.8%, can price continue to strengthen; and can the current price hold the ATR trend-band reference level at 110.405139.
#SOXL #unusual alert