$SOXL OI SURGING WHILE PRICE LAGS — ACCUMULATION PATTERN IN PLAY 🔥
Open interest on $SOXL has jumped over 2% in the last five minutes while price remains flat — a classic divergence that often precedes institutional positioning. Top traders hold a long/short ratio of 1.88, leaning bullish, while retail sits at 2.79 FOMO levels which historically act as a contrarian warning.
Funding rates are normal and ATR sits at 2.52%, keeping the setup clean for a potential squeeze if OI continues rising. Are you watching this divergence closely?
Not financial advice. Always manage your risk.
#SOXL #Accumulation #LeveragedETF #TradingSetup
🔥
Open interest on $SOXL has jumped over 2% in the last five minutes while price remains flat — a classic divergence that often precedes institutional positioning. Top traders hold a long/short ratio of 1.88, leaning bullish, while retail sits at 2.79 FOMO levels which historically act as a contrarian warning.
Funding rates are normal and ATR sits at 2.52%, keeping the setup clean for a potential squeeze if OI continues rising. Are you watching this divergence closely?
Not financial advice. Always manage your risk.
#SOXL #Accumulation #LeveragedETF #TradingSetup
🔥