🔻 $SOXL RETESTS KEY 1H SUPPLY BLOCK AS BEARISH ORDER FLOW HOLDS 🐻
Entry: 98.83–99.23 ⚡
Target: 95.54 / 94.6 / 88.47 🎯
Stop Loss: 100.91 🛑
📌 Price is rotating back into the 98.83–99.23 supply pocket on the 1H timeframe, offering an opportunity aligned with the broader bearish structure. 🌊 Sellers previously defended this distribution level, creating clear downside liquidity targets down to 88.47 for a potential 5.62R extension.
🔍 With modeled EV sitting at -0.27R, disciplined capital keeps this strictly on the watchlist until local displacement confirms absorption. 🤔 Are you waiting for a confirmed liquidity sweep above the entry zone before executing? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #SOXL #ShortSetup #PriceAction #MarketStructure #Trading
🎯 🦈
Entry: 98.83–99.23 ⚡
Target: 95.54 / 94.6 / 88.47 🎯
Stop Loss: 100.91 🛑
📌 Price is rotating back into the 98.83–99.23 supply pocket on the 1H timeframe, offering an opportunity aligned with the broader bearish structure. 🌊 Sellers previously defended this distribution level, creating clear downside liquidity targets down to 88.47 for a potential 5.62R extension.
🔍 With modeled EV sitting at -0.27R, disciplined capital keeps this strictly on the watchlist until local displacement confirms absorption. 🤔 Are you waiting for a confirmed liquidity sweep above the entry zone before executing? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #SOXL #ShortSetup #PriceAction #MarketStructure #Trading
🎯 🦈