$SOXLB took a beating, down about 15% on the day.
This is the SOXL token on Binance, the 3x chip ETF, so when semis sell off it moves fast.
Yesterday it was sitting near 82, then the US session dumped it straight through 77 and it kept going overnight to 67.59 around 1am our time.
Since then just a weak bounce. Every push gets sold under 72 and now it's sitting around 69 with both hourly EMAs pointing down.
For me 67.6 is the line. An hourly close under it and there's nothing on the chart till about 65.
If it can get back over 72 and hold it, I'd call this a flush and 76.7 comes back in play. Until then I'm not touching it, way too heavy.
This is the SOXL token on Binance, the 3x chip ETF, so when semis sell off it moves fast.
Yesterday it was sitting near 82, then the US session dumped it straight through 77 and it kept going overnight to 67.59 around 1am our time.
Since then just a weak bounce. Every push gets sold under 72 and now it's sitting around 69 with both hourly EMAs pointing down.
For me 67.6 is the line. An hourly close under it and there's nothing on the chart till about 65.
If it can get back over 72 and hold it, I'd call this a flush and 76.7 comes back in play. Until then I'm not touching it, way too heavy.
