$Navitas Semiconductor (NVTS.US)$ While SOXS keeps scalping ...

交易学徒

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While SOXS keeps scalping relentlessly, rather than waiting for the 'Great Leader' to engineer a V-shaped reversal, I’ve decided to examine the order flow first. Bulls have established their first line of defense near 26.61, accumulating 30K buy orders. Bears, on the other hand, would need to see prices rise to 29 before amassing an equivalent volume of sell orders.

Update: 10:35 AM EST – Bulls have established a second line of defense near the higher level of 26.8, now forming a double-layered wall of buy orders. However, bears have placed at least three layers of iceberg sell orders near the current market price to block any price rebound. At this point, bulls are primarily on the defensive, seemingly aiming to absorb aggressive sell orders with passive bids, showing little intention to launch an active offensive. Meanwhile, after positioning their main passive sell block around 27.4, bears also refrained from pressing the attack aggressively. Both sides are now locked in a standoff across the current market price, separated by three layers of iceberg orders. Starting at 10:36 AM, bulls attempted four advances but retreated upon encountering iceberg sell orders. Additionally, bulls have deployed four layers of iceberg buy orders between 27 and 26.8 for flexible, elastic defense. Let me make another bold call: this is likely close to the bottom. The bulls’ defensive structure has been rebuilt, and they clearly have the resolve to hold their ground—but lack the will to counterattack. Therefore, I won’t be buying the dip until broader market conditions improve and bulls initiate a clear offensive move. These are purely personal views and do not constitute investment advice.

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