Follow my strategy—$SOXL even doubled with 10x leverage.
I said the 3x leveraged semiconductor bull fund was bound to crash, just like my prediction about tech stocks yesterday: they were dragged down by OpenAI. Even if they recover, the rebound will be pretty weak. And with investors likely to pull back into defensive positions on Friday, it’s bound to open high and close low.
I thought it would plunge below 144, but I didn’t expect such a sharp drop—it fell straight to the support level at 136.
It’s now bouncing back from 136, but a rise over the next couple of days will be tough. The only question is whether the bulls can hold the line at 136. #TetherFreezesUSDTLinkedToLedgerTheft
I said the 3x leveraged semiconductor bull fund was bound to crash, just like my prediction about tech stocks yesterday: they were dragged down by OpenAI. Even if they recover, the rebound will be pretty weak. And with investors likely to pull back into defensive positions on Friday, it’s bound to open high and close low.
I thought it would plunge below 144, but I didn’t expect such a sharp drop—it fell straight to the support level at 136.
It’s now bouncing back from 136, but a rise over the next couple of days will be tough. The only question is whether the bulls can hold the line at 136. #TetherFreezesUSDTLinkedToLedgerTheft