$SOXL
🚨 A brutal sell-off is sweeping through the global semiconductor sector, kicking off in South Korea with a steep drop in Samsung and SK Hynix shares driven by fears of Chinese competition and massive foreign dumping, before spilling straight over into Wall Street
On top of that, oil prices ticked up, stoking fears of further interest rate hikes
This put the SOX index under serious pressure, while the 3x leverage completely hammered SOXL, magnifying the losses dramatically
Trade Setup $SOXL
The trend is crystal clear—dead bearish. The price is sitting below all moving averages and hugging the lower Bollinger Band
Expect the pressure to persist, or a weak bounce followed by a continuation downwards
Entry: Short on a bounce up to 126–128, or on a break below 121.50
Targets: 118 \rightarrow 115 \rightarrow 110
Stop-Loss: Just above 130
Any daily close above 130 could temporarily ease the pressure
Keep a close eye on trading volume and that 121.50 level
$SOXL
#USMarketUpdate #SOXL行情
🚨 A brutal sell-off is sweeping through the global semiconductor sector, kicking off in South Korea with a steep drop in Samsung and SK Hynix shares driven by fears of Chinese competition and massive foreign dumping, before spilling straight over into Wall Street
On top of that, oil prices ticked up, stoking fears of further interest rate hikes
This put the SOX index under serious pressure, while the 3x leverage completely hammered SOXL, magnifying the losses dramatically
Trade Setup $SOXL
The trend is crystal clear—dead bearish. The price is sitting below all moving averages and hugging the lower Bollinger Band
Expect the pressure to persist, or a weak bounce followed by a continuation downwards
Entry: Short on a bounce up to 126–128, or on a break below 121.50
Targets: 118 \rightarrow 115 \rightarrow 110
Stop-Loss: Just above 130
Any daily close above 130 could temporarily ease the pressure
Keep a close eye on trading volume and that 121.50 level
$SOXL
#USMarketUpdate #SOXL行情