SOXL & JCT: Short Sellers Are Under Pressure
Two different markets are showing an interesting signal. $SOXL recorded a $7.25K short liquidation at $56.11, while $JCT saw $5.14K liquidated at $0.00613. These liquidations show that sellers faced pressure, but one liquidation does not confirm a lasting bullish trend.
SOXL Trade Setup
* Buy Zone: $54.50–$56.00
* Target 1: $58.00
* Target 2: $60.00
* Target 3: $62.50
* Stop Loss: $52.80
JCT Trade Setup
* Buy Zone: $0.00570–$0.00610
* Target 1: $0.00650
* Target 2: $0.00690
* Target 3: $0.00740
* Stop Loss: $0.00540
I would wait for buying confirmation before entering either trade. Which one has stronger recovery potential?
Note: These are conditional setups, not guaranteed targets. JCT and SOXL prices can move sharply; verify your exchange's live chart before entering.#CPITestsDecemberRateOutlook #TradFiForBeginners
Two different markets are showing an interesting signal. $SOXL recorded a $7.25K short liquidation at $56.11, while $JCT saw $5.14K liquidated at $0.00613. These liquidations show that sellers faced pressure, but one liquidation does not confirm a lasting bullish trend.
SOXL Trade Setup
* Buy Zone: $54.50–$56.00
* Target 1: $58.00
* Target 2: $60.00
* Target 3: $62.50
* Stop Loss: $52.80
JCT Trade Setup
* Buy Zone: $0.00570–$0.00610
* Target 1: $0.00650
* Target 2: $0.00690
* Target 3: $0.00740
* Stop Loss: $0.00540
I would wait for buying confirmation before entering either trade. Which one has stronger recovery potential?
Note: These are conditional setups, not guaranteed targets. JCT and SOXL prices can move sharply; verify your exchange's live chart before entering.#CPITestsDecemberRateOutlook #TradFiForBeginners