Guys $SOXS is showing an interesting rejection setup right now 🎯
Entry: 46.95 - 47.05
🎯 TP1: 46.29
🎯 TP2: 45.80
Price has pushed directly into major resistance around 47.03 on elevated volume, forming a clear fakeout structure. Sellers are starting to defend this top heavily.
We need to see price fail to hold above resistance to confirm a move down toward support at 46.29.
Watching closely for the pullback 📉
Entry: 46.95 - 47.05
🎯 TP1: 46.29
🎯 TP2: 45.80
Price has pushed directly into major resistance around 47.03 on elevated volume, forming a clear fakeout structure. Sellers are starting to defend this top heavily.
We need to see price fail to hold above resistance to confirm a move down toward support at 46.29.
Watching closely for the pullback 📉