$SOXLB Short Idea: Rejection At Range High | Est. PNL +14.7%

What the 4H chart shows: price is testing the 20-candle swing high. Momentum check: 4H RSI 61.1 (neutral).

Where it gets interesting
▪️ Entry zone: 92.438 - 93.636 USD
▪️ Target: 80.880 USD (range low)
▪️ Invalidation: 4H close above 95.347 USD
▪️ Risk/Reward: 1 : 5.3

Est. PNL to target: +14.7% | to invalidation: -2.7% (price move from 92.780 USD, before fees and leverage)

A 4H close above 95.347 USD cancels the idea. Chart idea only, not a position I hold.

Would you take this one, wait for more, or stay out? Tell us why below.

Not financial advice. Always DYOR.
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