Trade Result: $SOXL SHORT
Entry: 106.14
Exit: 105.00 (TP1)
PnL: +1.07%
Our short idea on $SOXL played out as expected. The 15m chart showed a clear downtrend from 129 to 103 with weak bounces and higher volume on declines, indicating seller control. The Digash 'breakout' signal above 108.31/108.11 proved false as price failed to hold and reversed to our entry, confirming buyer weakness. We secured profits at TP1. Trade closed.
#SOXL #Short #TP1
Entry: 106.14
Exit: 105.00 (TP1)
PnL: +1.07%
Our short idea on $SOXL played out as expected. The 15m chart showed a clear downtrend from 129 to 103 with weak bounces and higher volume on declines, indicating seller control. The Digash 'breakout' signal above 108.31/108.11 proved false as price failed to hold and reversed to our entry, confirming buyer weakness. We secured profits at TP1. Trade closed.
#SOXL #Short #TP1