T-Rex 2X Long Bitcoin Daily Target ETF

The Fund seeks daily investment results, before fees and expenses, of 200% of the daily performance of spot Bitcoin. The Fund, under normal circumstances, invests in swap agreements that provide 200% daily exposure to the Reference Assets equal to at least 80% of its net assets plus any borrowings for investment purposes.

Technical Observation (on the daily chart): 

The price of BTCL is trending downwards, forming lower highs and lower lows, which suggests the potential for near-term consolidation with a bearish tone. The 14-day Relative Strength Index (RSI) is below the midpoint, further strengthening the negative outlook. Additionally, the price is currently above its 21-day and 50-day Simple Moving Averages (SMAs), which may act as resistance in the short term. Key support and resistance levels will be crucial in identifying areas of supply and demand.

Individuals can evaluate the ETF based on the support and resistance levels provided in the report in case of keen interest taking into consideration the risk-reward scenario. 

Markets are trading in a highly volatile zone currently due to certain macro-economic issues and prevailing geopolitical tensions. Therefore, it is prudent to follow a cautious approach while investing. 

Note 1: Past performance is not a reliable indicator of future performance.

Note 2: The reference date for all price data, currency, technical indicators, support, and resistance level is March 13, 2025 (7:45 am PDT). The reference data in this report has been partly sourced from REFINITIV.

Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings.

Note 4: ‘Kalkine reports are prepared based on the prices captured either from the New York Stock Exchange (NYSE), NASDAQ Capital Markets (NASDAQ), and or REFINITIV. Typically, all sources (NYSE, NASDAQ, or REFINITIV) may reflect stock prices with a delay which could be a lag of 15-20 minutes. There can be no assurance that future results or events will be consistent with the information provided in the report. The information is subject to change without any prior notice.