SOXL – Bearish Market Structure | 4H Analysis

SOXL continues to show strong bearish momentum on the 4H timeframe.

My trading setup focuses on a potential short position:

🔴 Entry: $99.28
🛑 Stop Loss: $112.61
🎯 Take Profit: $38.45

Market Outlook:

- Price has broken below previous support levels.
- Sellers remain in control.
- Waiting for a pullback toward the supply zone before considering a short entry.
- The bearish structure remains my primary bias.

Patience is important. I don't chase the market; I wait for price to come to my planned entry.

Remember: Every trade carries risk. Always manage your position size and protect your capital.

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