The moment I closed Figma last night, my eyes were so strained I felt like crying. I went to the kitchen to heat up some leftover soup from last night, and while standing and drinking, I casually checked Binance's perpetual futures leaderboard. Ticket number $AVGO just caught my eye.
Today, it’s actually down, current price at $382.24, down 2.86% in the last 24 hours.
But honestly, I'm not that averse to this kind of dip.
The intraday high and low are between $394.1 and $374.22, which indicates it’s not one of those collapses with no buyers; there’s been some back-and-forth action.
If this ticket can stay near the top of the perpetual leaderboard, I interpret that as the market still paying attention to it, just emotions are in a consolidation phase.
I’m leaning bullish, not because I want to guess a reversal line.
It’s because, as I understand it, Broadcom is still a core player in the semiconductor and infrastructure space. It's not the type to tell the best stories daily, but as long as the tech investment narrative persists, it’s hard to overlook.
I personally pay more attention to these ‘positioning’ type companies.
Many hot stocks shine like fireworks; they light up and then disappear.
But companies that handle foundational connections, computing power chains, and enterprise infrastructure tend to enjoy a longer demand cycle.
Even with some volatility in between, it’s not something that can be defined by a single day’s emotions.
Another point that I find quite comfortable is that the perpetual funding rate here is almost flat, at +0.0000%.
This at least indicates that we’re not in one of those heated emotional phases.
Plus, with a 24-hour trading volume of 15.26M USDT and an open interest of 18,426 contracts, there are quite a few people watching it, but I don't sense any extreme panic.
My trader friend once reminded me that the bigger the ticket, the less you should look at it with a mindset of chasing small cap stocks.
Its strength often lies not in how ‘strong’ it is today, but in whether there are buyers willing to step in repeatedly during a pullback.
Of course, I won’t be blindly optimistic.
The semiconductor sector is easily amplified by emotions, and once the market starts worrying about valuations or an overall cooling of the tech sector, this kind of ticket can also get pressed down.
So I’m more inclined to see if this pullback offers patient traders a window for re-entry, rather than rushing in to prove my loyalty.
My inclination is that ticket number $AVGO is worth keeping an eye on, leaning bullish, but not chasing the fast lines. The market is changing, and what’s true today might not hold for tomorrow. $AVGO #USStocks
Today, it’s actually down, current price at $382.24, down 2.86% in the last 24 hours.
But honestly, I'm not that averse to this kind of dip.
The intraday high and low are between $394.1 and $374.22, which indicates it’s not one of those collapses with no buyers; there’s been some back-and-forth action.
If this ticket can stay near the top of the perpetual leaderboard, I interpret that as the market still paying attention to it, just emotions are in a consolidation phase.
I’m leaning bullish, not because I want to guess a reversal line.
It’s because, as I understand it, Broadcom is still a core player in the semiconductor and infrastructure space. It's not the type to tell the best stories daily, but as long as the tech investment narrative persists, it’s hard to overlook.
I personally pay more attention to these ‘positioning’ type companies.
Many hot stocks shine like fireworks; they light up and then disappear.
But companies that handle foundational connections, computing power chains, and enterprise infrastructure tend to enjoy a longer demand cycle.
Even with some volatility in between, it’s not something that can be defined by a single day’s emotions.
Another point that I find quite comfortable is that the perpetual funding rate here is almost flat, at +0.0000%.
This at least indicates that we’re not in one of those heated emotional phases.
Plus, with a 24-hour trading volume of 15.26M USDT and an open interest of 18,426 contracts, there are quite a few people watching it, but I don't sense any extreme panic.
My trader friend once reminded me that the bigger the ticket, the less you should look at it with a mindset of chasing small cap stocks.
Its strength often lies not in how ‘strong’ it is today, but in whether there are buyers willing to step in repeatedly during a pullback.
Of course, I won’t be blindly optimistic.
The semiconductor sector is easily amplified by emotions, and once the market starts worrying about valuations or an overall cooling of the tech sector, this kind of ticket can also get pressed down.
So I’m more inclined to see if this pullback offers patient traders a window for re-entry, rather than rushing in to prove my loyalty.
My inclination is that ticket number $AVGO is worth keeping an eye on, leaning bullish, but not chasing the fast lines. The market is changing, and what’s true today might not hold for tomorrow. $AVGO #USStocks