$SOXL is retesting a key supply zone where the latest recovery is beginning to fade.
Trading Plan Short $SOXL
Entry: 134.64 - 137.36
SL: 148
TP1: 131
TP2: 127
TP3: 124
The latest rebound has pushed price into a resistance area where sellers are starting to absorb demand. Buyers are struggling to extend the recovery above the current structure, leaving downside liquidity exposed below recent lows. If supply continues to hold, price could rotate lower toward the next liquidity pockets.
trade $SOXL here 👇
Trading Plan Short $SOXL
Entry: 134.64 - 137.36
SL: 148
TP1: 131
TP2: 127
TP3: 124
The latest rebound has pushed price into a resistance area where sellers are starting to absorb demand. Buyers are struggling to extend the recovery above the current structure, leaving downside liquidity exposed below recent lows. If supply continues to hold, price could rotate lower toward the next liquidity pockets.
trade $SOXL here 👇