Post
Solaiman Erfan
A 3x ETF perp down about 35% from the top will test anyone's patience.
$SOXL flushed to 77.99 on heavy volume and is now bouncing into the 7 EMA near 86.7. The 21 EMA around 92.5 is still overhead and the trend still points down, so this is a bounce until proven otherwise.
A 4h close above 92.5 would be my first sign of a shift. A new low under 77.99 and the bounce is over.
Are you treating this as a bounce or a bottom?
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