$MAGMA is up 60.10%, followed by $M at 20.61% and SOXS at 19.45% in the October 22 futures list.
At 10:02 PM, their quoted prices were $0.49719, $0.9095 and $52.82.
MAGMA’s chart makes me cautious. It reached $0.56898, fell sharply, then recovered toward $0.496. I would wait for the price to settle before choosing a direction.
MemeCore’s M also pulled back after touching $0.9687. M is used for network fees, staking and rewards, but those uses alone don’t explain today’s rise.
For a possible long, I would watch whether M can move above $0.93 and hold it on a pullback.
$SOXS is different from the other two. Its underlying fund aims to deliver three times the opposite of a semiconductor index’s daily move. That daily target does not apply to returns over several days.
Its visible high was $53.44. I would consider a long only after a break above that level and a pullback that holds.
These are levels to watch, not confirmed entries. Before taking a trade, I would set the stop and check whether the possible profit is worth the loss I’m accepting.
#MAGMA #MemeCoreM5PercentGreen #SOXS #BinancePick #EarningsSeason
At 10:02 PM, their quoted prices were $0.49719, $0.9095 and $52.82.
MAGMA’s chart makes me cautious. It reached $0.56898, fell sharply, then recovered toward $0.496. I would wait for the price to settle before choosing a direction.
MemeCore’s M also pulled back after touching $0.9687. M is used for network fees, staking and rewards, but those uses alone don’t explain today’s rise.
For a possible long, I would watch whether M can move above $0.93 and hold it on a pullback.
$SOXS is different from the other two. Its underlying fund aims to deliver three times the opposite of a semiconductor index’s daily move. That daily target does not apply to returns over several days.
Its visible high was $53.44. I would consider a long only after a break above that level and a pullback that holds.
These are levels to watch, not confirmed entries. Before taking a trade, I would set the stop and check whether the possible profit is worth the loss I’m accepting.
#MAGMA #MemeCoreM5PercentGreen #SOXS #BinancePick #EarningsSeason