Trump's making waves again, throwing some serious shade at Chinese tech companies. Qualcomm's got a huge chunk of its biz in China, and it got hit hard right off the bat. $QCOM 24 hours down 5.85%, now hovering around 205.
This drop is no ordinary pullback; the logic behind it is solid. Prices are crashing down, yet the funding rate is still positive at 0.0002, which means the bulls are either holding their ground and adding to their positions or they just haven't bailed out. A drop + positive funding rate? That's classic bull trap territory, and the liquidation line above is just fuel for the next move. Open interest at 46604 contracts hasn't shown any significant weakening, and those positions stuck in place are going to be the next push.
Trading with Trump in mind boils down to one thing: policy risk is real money. You can't sidestep stocks like Qualcomm. I'm going straight in short. Going with a 10x leverage short position, setting my stop-loss at 210, and if it breaks that little platform, I’ll have to accept the loss. First target for profit is looking at the 190 round number, keeping my position size at 5%. Just taking a nibble with the policy winds, no need to go all in and gamble.
Trading tag: #TradFi #链上美股 #QCOM #AMD
Is Trump's move a bullish or bearish signal for QCOM?
This drop is no ordinary pullback; the logic behind it is solid. Prices are crashing down, yet the funding rate is still positive at 0.0002, which means the bulls are either holding their ground and adding to their positions or they just haven't bailed out. A drop + positive funding rate? That's classic bull trap territory, and the liquidation line above is just fuel for the next move. Open interest at 46604 contracts hasn't shown any significant weakening, and those positions stuck in place are going to be the next push.
Trading with Trump in mind boils down to one thing: policy risk is real money. You can't sidestep stocks like Qualcomm. I'm going straight in short. Going with a 10x leverage short position, setting my stop-loss at 210, and if it breaks that little platform, I’ll have to accept the loss. First target for profit is looking at the 190 round number, keeping my position size at 5%. Just taking a nibble with the policy winds, no need to go all in and gamble.
Trading tag: #TradFi #链上美股 #QCOM #AMD
Is Trump's move a bullish or bearish signal for QCOM?