The semiconductor sector took a hit today, with $AMD dropping 5.98% to 465.72. However, the funding rate is flat at 0, and open interest is down to 10300. This sell-off is clearly a result of sector correlation, dragged down alongside correlated assets without any independent bearish news.
I see this dip more as an overreaction; 460 is the previous low support level, and the zero funding rate indicates both bulls and bears are out of steam, making it ripe for a bounce.
I'm going long here with 5x leverage, stop loss at 460, take profit at 480, and a position size of 10%.
Trading Tag: #TradFi #链上美股 #AMD #NVDA
Does the KOL's view align with your assessment?
I see this dip more as an overreaction; 460 is the previous low support level, and the zero funding rate indicates both bulls and bears are out of steam, making it ripe for a bounce.
I'm going long here with 5x leverage, stop loss at 460, take profit at 480, and a position size of 10%.
Trading Tag: #TradFi #链上美股 #AMD #NVDA
Does the KOL's view align with your assessment?