$SOXLB Short | Est. PNL +27.2%
Rejection At Range High

ENTER 103.35 - 104.60 USD
TARGET 81.540 USD (range low)
STOP 4H close above 107.24 USD
R:R 1 : 6.9

Est. PNL to target: +27.2% | to invalidation: -3.3% (price move from 103.71 USD, before fees and leverage)

SETUP LOGIC
▪️ Price is testing the 20-candle swing high
▪️ 4H RSI 69.8 (neutral), EMA 20 is above EMA 50

A 4H close above 107.24 USD cancels the idea. Chart idea only, not a position I hold.

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Not financial advice. Always DYOR.
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