SOXL First check the conditions: a 24h gain/loss does not replace confirmation of a 30m pull-in.
Binance TradFi Perpetuals (stocks)｜24h +15.88%, current price 141.43, 24h trading volume 1.189 billion.
Liquidity: the 30m buy/sell ratio is 1.0773, and the active buy/sell is nearly balanced; this is not a net inflow figure.
Reference indicators: the 30m ATR trend band reference level is 138.22910940395894; the current price is above it, which is bullish. The 30m MA5 is 141.28; the current price is above it, which is also bullish.
Next, there are two paths: one is if the buy/sell ratio breaks upward above 1.10 and the current price holds the 30m ATR trend band reference level of 138.22910940395894—only then can the upside pull-in be confirmed. The other is if the buy/sell ratio drops below 0.90, or if the current price breaks below the 30m ATR trend band reference level of 138.22910940395894; in that case, you still need to guard against downside pressure.
Specifically: for the next complete 30m candlestick, can the current price hold 138.22910940395894?
#SOXL #Market anomaly alert
Binance TradFi Perpetuals (stocks)｜24h +15.88%, current price 141.43, 24h trading volume 1.189 billion.
Liquidity: the 30m buy/sell ratio is 1.0773, and the active buy/sell is nearly balanced; this is not a net inflow figure.
Reference indicators: the 30m ATR trend band reference level is 138.22910940395894; the current price is above it, which is bullish. The 30m MA5 is 141.28; the current price is above it, which is also bullish.
Next, there are two paths: one is if the buy/sell ratio breaks upward above 1.10 and the current price holds the 30m ATR trend band reference level of 138.22910940395894—only then can the upside pull-in be confirmed. The other is if the buy/sell ratio drops below 0.90, or if the current price breaks below the 30m ATR trend band reference level of 138.22910940395894; in that case, you still need to guard against downside pressure.
Specifically: for the next complete 30m candlestick, can the current price hold 138.22910940395894?
#SOXL #Market anomaly alert