$UVXYB just made a massive move — up 36.65% and volatility is heating up! 📈🔥
This is one move I wouldn’t ignore. UVXY surged from around $16.25 to $23.09 before pulling back slightly to $22.00.
What’s interesting is that buyers haven’t surrendered much ground despite the sharp rally. Price is consolidating near the highs, suggesting momentum remains elevated.
Here’s what I’m watching:
🔑 Resistance: $23.09
🟢 Support: $21.00–$21.50
🎯 Breakout zone: Above $23.09
A clean 15-minute breakout above $23.09 could open the door to another upward move.
However, losing $21.00 could trigger a deeper pullback toward $20.40.
One important point: UVXY is a leveraged volatility ETF linked to VIX futures. Its price can reverse sharply, and holding it over multiple sessions carries additional risks.
Is volatility preparing for another spike, or are buyers running out of steam? 👀
Stay disciplined and manage your risk. DYOR!
This is one move I wouldn’t ignore. UVXY surged from around $16.25 to $23.09 before pulling back slightly to $22.00.
What’s interesting is that buyers haven’t surrendered much ground despite the sharp rally. Price is consolidating near the highs, suggesting momentum remains elevated.
Here’s what I’m watching:
🔑 Resistance: $23.09
🟢 Support: $21.00–$21.50
🎯 Breakout zone: Above $23.09
A clean 15-minute breakout above $23.09 could open the door to another upward move.
However, losing $21.00 could trigger a deeper pullback toward $20.40.
One important point: UVXY is a leveraged volatility ETF linked to VIX futures. Its price can reverse sharply, and holding it over multiple sessions carries additional risks.
Is volatility preparing for another spike, or are buyers running out of steam? 👀
Stay disciplined and manage your risk. DYOR!