The 1H structure on $SOXS is still tilted south, with price under EMA200 and MACD maintaining bearish momentum. RSI at 35 also shows that sellers have already had a meaningful run.
Entry: 43.61
TP1: 42.521664
TP2: 41.650996
SL: 44.698336
The bearish bias remains usable, although the oversold side of momentum can make reversals sharper. Keeping leverage and position size conservative is the cleaner way to handle that volatility. ::
Entry: 43.61
TP1: 42.521664
TP2: 41.650996
SL: 44.698336
The bearish bias remains usable, although the oversold side of momentum can make reversals sharper. Keeping leverage and position size conservative is the cleaner way to handle that volatility. ::
