🚨 $SOXL BEARS EYEING CRUCIAL SUPPLY RETEST AS 1H BREAKDOWN DEVELOPS! 📉
Entry: 113.72 - 114.4 ⚡
Target: 110.5 / 109.81 / 107.39 🎯
Stop Loss: 115.4 🛑
The 1H market structure is leaning heavily into seller dominance, carving out structural weakness that patient traders watch for. 📊 However, chasing price away from the entry offers zero edge with negative expected value, so the real discipline lies in waiting for a liquidity tap back into the 113.72–114.4 supply pocket before stepping in. 🔍
Once sellers defend that resistance zone, the path down through 110.5 toward 107.39 unlocks up to nearly 5R in downside expansion. 💡 Keep this pinned on strict watchlist status until the retest prints clear rejection and confirms the trigger. 🤔 Are you waiting for the relief bounce into supply or letting this one slide? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #SOXL #ShortSetup #PriceAction #Crypto #Trading
🎯 🦈
Entry: 113.72 - 114.4 ⚡
Target: 110.5 / 109.81 / 107.39 🎯
Stop Loss: 115.4 🛑
The 1H market structure is leaning heavily into seller dominance, carving out structural weakness that patient traders watch for. 📊 However, chasing price away from the entry offers zero edge with negative expected value, so the real discipline lies in waiting for a liquidity tap back into the 113.72–114.4 supply pocket before stepping in. 🔍
Once sellers defend that resistance zone, the path down through 110.5 toward 107.39 unlocks up to nearly 5R in downside expansion. 💡 Keep this pinned on strict watchlist status until the retest prints clear rejection and confirms the trigger. 🤔 Are you waiting for the relief bounce into supply or letting this one slide? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #SOXL #ShortSetup #PriceAction #Crypto #Trading
🎯 🦈