đ» Three coins, one story â the bears are in full control today.
SOXLB, INJ, and MITO are all trending down with serious selling pressure. But here's why watching them together matters: when multiple mid/small caps dump simultaneously, it often signals a broader rotation out of risk assets â and that's where the smart money spots reversals.
đ SOXLB ($94.83, -9.3%)
Strong downtrend confirmed across both 4H and daily. RSI at 41 on 4H leaning bearish, daily RSI at 32.5 â approaching oversold territory. Price trading well below both SMA7 and SMA25 on the daily, which screams weakness. Volume at $38.3M is holding up though, meaning sellers are committed.
đ INJ ($8.17, -9.7%)
Classic distribution pattern. 4H RSI at 41.5 with bearish MACD histogram expanding. Interesting detail: L/S ratio at 1.91 â longs are getting trapped. Daily RSI still at 53, so there's room for more downside before we hit oversold. Volume declining (0.7x avg) suggests conviction is fading on bounces.
đ MITO ($0.0097, -27.2%)
The most beaten up of the three. RSI at 22.5 on 4H â deep oversold. Volume surging at 2.2x average with L/S ratio at 3.76 (massive long squeeze). Price is 50% below SMA99 on daily. This is capitulation-level selling. The question is: who's catching the knife?
đŻ Trade Plans:
âą SOXLB Short â Entry: $92.5-$97.1 | SL: $104.1 | TP: $89.7 â $86.9
âą INJ Short â Entry: $8.01-$8.34 | SL: $8.84 | TP: $7.77 â $7.53
âą MITO Short (high risk) â Entry: $0.00939-$0.01005 | SL: $0.01105 | TP: $0.00911 â $0.00882
⥠MITO is the most dangerous â oversold + high L/S ratio can trigger a violent short squeeze. Size accordingly.
Which of these do you think bottoms first? đ
#SOXLB #INJ #MITO
SOXLB, INJ, and MITO are all trending down with serious selling pressure. But here's why watching them together matters: when multiple mid/small caps dump simultaneously, it often signals a broader rotation out of risk assets â and that's where the smart money spots reversals.
đ SOXLB ($94.83, -9.3%)
Strong downtrend confirmed across both 4H and daily. RSI at 41 on 4H leaning bearish, daily RSI at 32.5 â approaching oversold territory. Price trading well below both SMA7 and SMA25 on the daily, which screams weakness. Volume at $38.3M is holding up though, meaning sellers are committed.
đ INJ ($8.17, -9.7%)
Classic distribution pattern. 4H RSI at 41.5 with bearish MACD histogram expanding. Interesting detail: L/S ratio at 1.91 â longs are getting trapped. Daily RSI still at 53, so there's room for more downside before we hit oversold. Volume declining (0.7x avg) suggests conviction is fading on bounces.
đ MITO ($0.0097, -27.2%)
The most beaten up of the three. RSI at 22.5 on 4H â deep oversold. Volume surging at 2.2x average with L/S ratio at 3.76 (massive long squeeze). Price is 50% below SMA99 on daily. This is capitulation-level selling. The question is: who's catching the knife?
đŻ Trade Plans:
âą SOXLB Short â Entry: $92.5-$97.1 | SL: $104.1 | TP: $89.7 â $86.9
âą INJ Short â Entry: $8.01-$8.34 | SL: $8.84 | TP: $7.77 â $7.53
âą MITO Short (high risk) â Entry: $0.00939-$0.01005 | SL: $0.01105 | TP: $0.00911 â $0.00882
⥠MITO is the most dangerous â oversold + high L/S ratio can trigger a violent short squeeze. Size accordingly.
Which of these do you think bottoms first? đ
#SOXLB #INJ #MITO