💎 Direxion Daily Semiconductor Bear 2X Shares
Technical Analysis & Trading Strategy
Current Price (Snapshot)
$7.73
SIDEWAYS
🎯 Key Price Levels
Support Zone (BUY Area)
$6.50 - $7.00
Strong Support
Resistance Zone (SELL Area)
$8.00 - $8.50
Key Resistance
💰 Trading Strategy
🔻
SHORT Entry Zones (SELL)
Zone 1:
$8.25 - $8.50
Zone 2:
$8.50 - $8.75
🔼
Take Profit (BUY BACK)
TP1:
$6.50 (-25.0%)
TP2:
$6.00 (-29.6%)
TP3:
$5.50 (-34.3%)
📊 Technical Indicators
✨
Golden Cross (MA)
NO 🔴
📈
RSI (14)
48.2
🔄
MACD
NO 🔴
🔄
Bullish Divergence
NO 🔴
📊
MA (20)
$7.89
🛡️
Support High
$7.00
🛑
Resistance Low
$8.00
📊
Overall Trend
SIDEWAYS
🧠 Trading Logic
Current Position: 🔴 NEUTRAL BIAS
Price is below MA(20) at $7.89
No bullish signals - wait for better setup
⚠️ Risk Management Rules
Position Sizing:
Max 2% of portfolio per trade
Stop Loss:
Above resistance at $8.00
Daily Loss Limit:
5% hard stop
Daily Profit Target:
8% for day trading
News Avoidance:
No trading during earnings/catalysts