⚠️ $SOXL Pullback Is Building — Sellers Have the Momentum!
After climbing toward $57.80, $SOXL has turned lower. The latest 15-minute candles show consecutive selling pressure, with price now trading around $55.36.
I'm watching for further downside if the $55.70 resistance zone continues to hold.
🔻 My Short Trade Setup
Entry: 55.73 – 55.36 Stop-loss: 57.96
TP1: 54.80 TP2: 52.50 TP3: 50.11
The key is whether sellers can maintain control below resistance. A strong recovery could invalidate this setup, so risk management is essential.
Will $SOXL continue correcting or surprise sellers with a bounce?
🐂 $CHIP Is Showing Signs of a Bounce Watching This Setup!
After finding buyers near 0.03325, $CHIP is attempting to recover. The latest 15m candles show improving buying activity, with 0.03339 acting as an important level to hold.
🎯 My Long Trade Plan
Entry: 0.03339 – 0.03346 Stop-loss: 0.03325
TP1: 0.03350 TP2: 0.03362 TP3: 0.03376
A sustained move above the entry zone could support further upside. If support breaks, I'll step aside rather than force the trade.
Can $CHIP reach 0.03376? Let's see what buyers do. 👀