$LITE 24 hours - down 10%, the semiconductor sector is weighed down by political uncertainty. Ahead of the US elections, both parties are diverging on tech regulation policies, prompting funds to hedge early, with on-chain US stock contracts reacting most directly.
Last time political risk spiked, the semiconductor index dropped 8% in a week, and this time the open interest is only 13314, making liquidity thinner and more susceptible to emotional sell-offs. The current price of 818 is already nearing daily support, but until the policy black swan lands, this support is as fragile as paper.
If we're looking to snag some spot, I’m thinking of placing two orders around 780, and not adding leverage before the political events clarify.
Trading tag: #TradFi #链上美股 #LITE
LITE, how do you see the impact of policy?
Last time political risk spiked, the semiconductor index dropped 8% in a week, and this time the open interest is only 13314, making liquidity thinner and more susceptible to emotional sell-offs. The current price of 818 is already nearing daily support, but until the policy black swan lands, this support is as fragile as paper.
If we're looking to snag some spot, I’m thinking of placing two orders around 780, and not adding leverage before the political events clarify.
Trading tag: #TradFi #链上美股 #LITE
LITE, how do you see the impact of policy?