🚨 Guys, wake up! $SOXS just hit major resistance—this Short trade setup is looking massive! 🚨
Short Trade Position: $SOXS
Entry Zone: 49.88 – 50.04
🎯 TP1: 48.00
🎯 TP2: 46.50
🎯 TP3: 45.56
🛑 Stop Loss (SL): 51.38
🔍 Why this Short position?
Major Resistance Test: The price just made a sharp vertical move straight into a key historical resistance level near $50.00.
Overextended Impulse: A strong green spike directly into strong supply often triggers quick profit-taking and rejection.
High Risk-Reward Ratio: Placing the Stop Loss just above the recent swing high ($51.38) allows for a tight risk setup while targeting a retracement down to the key support level at $45.56.
Click here to Trade 👇️
Short Trade Position: $SOXS
Entry Zone: 49.88 – 50.04
🎯 TP1: 48.00
🎯 TP2: 46.50
🎯 TP3: 45.56
🛑 Stop Loss (SL): 51.38
🔍 Why this Short position?
Major Resistance Test: The price just made a sharp vertical move straight into a key historical resistance level near $50.00.
Overextended Impulse: A strong green spike directly into strong supply often triggers quick profit-taking and rejection.
High Risk-Reward Ratio: Placing the Stop Loss just above the recent swing high ($51.38) allows for a tight risk setup while targeting a retracement down to the key support level at $45.56.
Click here to Trade 👇️
