Watch out for SOXS ๐
๐ The 3x inverse semiconductor ETF is up +8% because the SOX index fell ~3.8% between October 7 and 9: caution ahead of Q3 chip earnings (Citi warns of slower revisions) and rotation out of the sector; with -3x daily leverage, every drop in NVDA/AMD/MU is tripled for SOXS.
+8.214% in 24h and a 15m setup I like: pullback to a buy zone with defined stops.
Entry: $35.410โ$35.938
SL: $35.093
TP1: $37.520
TP2: $38.578
If it loses $35.093, don't even look at it. Who's in? $SOXS
๐ The 3x inverse semiconductor ETF is up +8% because the SOX index fell ~3.8% between October 7 and 9: caution ahead of Q3 chip earnings (Citi warns of slower revisions) and rotation out of the sector; with -3x daily leverage, every drop in NVDA/AMD/MU is tripled for SOXS.
+8.214% in 24h and a 15m setup I like: pullback to a buy zone with defined stops.
Entry: $35.410โ$35.938
SL: $35.093
TP1: $37.520
TP2: $38.578
If it loses $35.093, don't even look at it. Who's in? $SOXS