SMH 487 now https://www.binance.com/en/futures/SMHUSDT?_from=markets&ref=GMGNX dyor - The semiconductor sector finally saw a strong bounce at a key support zone, showing that buyers are stepping in. The trend is still bearish, but selling pressure is fading. Monday's bounce came with real volume: 14.6M shares vs. the 3-month average of 8.3M. A strong green candle also wiped out the 11/06 upper wick. Short-term moving averages are now lined up bullish, with 513.9 as the first resistance above. The 4H chart looks strong, but the daily chart is still weak. That's why I'm only looking to buy the pullback, not chase the price here. Buy the pullback: Entry: 464–470 Stop loss: 446 Take profit: 531