$SOXLB SHORT SETUP ... NEXT TARGET 42.458
Four-Hour Resistance Test at the Twenty-Candle Swing High
Entry: 55.780 - 57.347 (Short)
TP1: 51.862
TP2: 47.160
Final TP: 42.458
SL: 61.265
Price is testing its twenty-candle swing high after moving upward over the past twenty-four hours. With the four-hour relative strength index remaining neutral, market participants are observing how price behaves at this resistance level.
As long as price stays below 57.347, structure stays heavy
Must use stop loss while trading
Trade $SOXLB
Not financial advice. Always DYOR.
Like & Follow for Daily Trade Analytics & Insider News. @SarwatAK
#SOXLB Altseason #TrendingTopic
Four-Hour Resistance Test at the Twenty-Candle Swing High
Entry: 55.780 - 57.347 (Short)
TP1: 51.862
TP2: 47.160
Final TP: 42.458
SL: 61.265
Price is testing its twenty-candle swing high after moving upward over the past twenty-four hours. With the four-hour relative strength index remaining neutral, market participants are observing how price behaves at this resistance level.
As long as price stays below 57.347, structure stays heavy
Must use stop loss while trading
Trade $SOXLB
Not financial advice. Always DYOR.
Like & Follow for Daily Trade Analytics & Insider News. @SarwatAK
#SOXLB Altseason #TrendingTopic
