A strong trend survives pullbacks. The key is buying structure, not emotion.
$SOXL /USDT — LONG
Trade Plan
Entry: 136–139 on a successful hold, or a confirmed breakout above 146.20
SL: 132
TP1: 146.20
TP2: 150.00
TP3: 155.00
Why this setup?
SOXL remains above the MA(25) and MA(99), with the MA(7) continuing to slope upward, confirming that the broader trend is still bullish despite the recent rejection. After reaching 146.20, sellers triggered a sharp pullback, but buyers quickly defended the area around the moving averages and pushed price back toward the mid-range.
The recent spike means momentum traders should avoid chasing extended candles. A sustained hold above support or a clean breakout through 146.20 offers a more favorable risk-to-reward. If SOXL closes below 132, the current bullish structure weakens and the setup should be invalidated.
Let the market confirm your idea before committing. $SOXL
$SOXL /USDT — LONG
Trade Plan
Entry: 136–139 on a successful hold, or a confirmed breakout above 146.20
SL: 132
TP1: 146.20
TP2: 150.00
TP3: 155.00
Why this setup?
SOXL remains above the MA(25) and MA(99), with the MA(7) continuing to slope upward, confirming that the broader trend is still bullish despite the recent rejection. After reaching 146.20, sellers triggered a sharp pullback, but buyers quickly defended the area around the moving averages and pushed price back toward the mid-range.
The recent spike means momentum traders should avoid chasing extended candles. A sustained hold above support or a clean breakout through 146.20 offers a more favorable risk-to-reward. If SOXL closes below 132, the current bullish structure weakens and the setup should be invalidated.
Let the market confirm your idea before committing. $SOXL