$SNXXB
First, let's clarify what it is: this is not the stock itself of the Tradr 2X Long SANDISK ETF; it is a tokenized certificate issued by BTech, with the underlying stock held in custody 1:1. Dividends are subject to a 30% tax deduction, market makers tend to cancel orders after hours, and slippage can eat into profits.
In terms of price action, it has already run up quite a bit, so chasing it now doesn't make much sense. Wait for a pullback and then reassess; it is currently up 18.3% in 24h.
Key levels: resistance above 18.21, support below 16.80. If it breaks, don't force it.
Conclusion: it's okay for a small-position trade, but it's not worth a heavy bet; the odds are not in your favor.
(Personal analysis, not investment advice)
#SNXXB
First, let's clarify what it is: this is not the stock itself of the Tradr 2X Long SANDISK ETF; it is a tokenized certificate issued by BTech, with the underlying stock held in custody 1:1. Dividends are subject to a 30% tax deduction, market makers tend to cancel orders after hours, and slippage can eat into profits.
In terms of price action, it has already run up quite a bit, so chasing it now doesn't make much sense. Wait for a pullback and then reassess; it is currently up 18.3% in 24h.
Key levels: resistance above 18.21, support below 16.80. If it breaks, don't force it.
Conclusion: it's okay for a small-position trade, but it's not worth a heavy bet; the odds are not in your favor.
(Personal analysis, not investment advice)
#SNXXB