$SOXLB
Trend: Short-term rebound, but price has pulled back from its intraday peak.
Resistance: $100–$100.05, followed by $105.03.
Support: $99.20, then $98.80 and $98.25.
Momentum warning: Despite today's reported gain, the screenshot shows losses of 22.22% over 7 days and 37.57% over 90 days.
My verdict: 🟡 Cautiously bullish short term, but the broader trend remains weak. A sustained move above $100 could support another attempt at $105; losing $98.80 would weaken the rebound.
Important risk: $SOXLB tracks the Direxion Daily Semiconductor Bull 3X ETF (SOXL), which targets 3× the daily performance of its semiconductor index. Losses can therefore accelerate sharply, and returns over longer periods may differ significantly from 3× the index'sreturn
#JapanFSAPublishesOnChainFinanceForumMinutes
#BankOfRussiaSaysSelfCustodyBanStartsJuly2027
Trend: Short-term rebound, but price has pulled back from its intraday peak.
Resistance: $100–$100.05, followed by $105.03.
Support: $99.20, then $98.80 and $98.25.
Momentum warning: Despite today's reported gain, the screenshot shows losses of 22.22% over 7 days and 37.57% over 90 days.
My verdict: 🟡 Cautiously bullish short term, but the broader trend remains weak. A sustained move above $100 could support another attempt at $105; losing $98.80 would weaken the rebound.
Important risk: $SOXLB tracks the Direxion Daily Semiconductor Bull 3X ETF (SOXL), which targets 3× the daily performance of its semiconductor index. Losses can therefore accelerate sharply, and returns over longer periods may differ significantly from 3× the index'sreturn
#JapanFSAPublishesOnChainFinanceForumMinutes
#BankOfRussiaSaysSelfCustodyBanStartsJuly2027
