$SOXL Maintain a short position
The price is currently caught between support around 43.5–43.7 and resistance around 47.6–49.7.
The price recently met resistance at 47.6. As it failed to hold at higher highs, short-term momentum is neutral to bearish.
$SOXL Short strategy
· Short entry: 47.0–49.0 (resistance zone)
· Stop-loss: Above 51.0
· Take-profit 1 (TP1): 43.5
· Take-profit 2 (TP2): 39.0
Support me by trading here 👇$SOXL
The price is currently caught between support around 43.5–43.7 and resistance around 47.6–49.7.
The price recently met resistance at 47.6. As it failed to hold at higher highs, short-term momentum is neutral to bearish.
$SOXL Short strategy
· Short entry: 47.0–49.0 (resistance zone)
· Stop-loss: Above 51.0
· Take-profit 1 (TP1): 43.5
· Take-profit 2 (TP2): 39.0
Support me by trading here 👇$SOXL
