🔴 SOXLBUSDT — FUTURES SHORT (awaiting retest)
$SOXLB
Entry Zone: $56.50 – $57.00
Stop Loss: $57.90
TP1: $55.20
TP2: $53.10
TP3: $51.50
R:R: 1:1.35 (TP1) | 1:3.17 (TP2) | 1:4.57 (TP3)
TF: 1H (SCALP)
SOXLB ran up more than 25% in a day on a near-vertical spike, then hit the same $57.50 ceiling again and again — four times in a few hours — and every time sellers pushed it back down. The last 1H candle closed at $55.90 after touching $57.76, a clear rejection. I am not chasing the fall; I am waiting for a bounce back into the ceiling zone.
Why I like this one: a level tested four times and rejected four times is a real resistance, not a random wick. The spike came on huge volume and the rejection came with lower highs forming. If price comes back to $56.50–$57.00 and rejects again, the first target is $55.20, then $53.10, then $51.50. With Tuesday's CPI report ahead, I am watching this one closely — a hot print could shake the whole market, so the stop loss stays non-negotiable.
Invalidation: a 1H close above $57.80 kills this idea — that would mean buyers finally broke the ceiling. No trade until the retest zone is touched.
Analysis Only — Not Financial Advice (NFA). Trading involves risk.
Follow Profit Direction for more signals, best signals and market updates. Share your opinion in the comments.
Do you think SOXLB will retest $57.00 and reject it, or break above $57.80 first? Comment SHORT or LONG.
#SOXLB #SOXLBUSDT #CryptoTrading #BinanceFutures
$SOXLB
Entry Zone: $56.50 – $57.00
Stop Loss: $57.90
TP1: $55.20
TP2: $53.10
TP3: $51.50
R:R: 1:1.35 (TP1) | 1:3.17 (TP2) | 1:4.57 (TP3)
TF: 1H (SCALP)
SOXLB ran up more than 25% in a day on a near-vertical spike, then hit the same $57.50 ceiling again and again — four times in a few hours — and every time sellers pushed it back down. The last 1H candle closed at $55.90 after touching $57.76, a clear rejection. I am not chasing the fall; I am waiting for a bounce back into the ceiling zone.
Why I like this one: a level tested four times and rejected four times is a real resistance, not a random wick. The spike came on huge volume and the rejection came with lower highs forming. If price comes back to $56.50–$57.00 and rejects again, the first target is $55.20, then $53.10, then $51.50. With Tuesday's CPI report ahead, I am watching this one closely — a hot print could shake the whole market, so the stop loss stays non-negotiable.
Invalidation: a 1H close above $57.80 kills this idea — that would mean buyers finally broke the ceiling. No trade until the retest zone is touched.
Analysis Only — Not Financial Advice (NFA). Trading involves risk.
Follow Profit Direction for more signals, best signals and market updates. Share your opinion in the comments.
Do you think SOXLB will retest $57.00 and reject it, or break above $57.80 first? Comment SHORT or LONG.
#SOXLB #SOXLBUSDT #CryptoTrading #BinanceFutures
