$SOXS Waiting for a breakout and a new high?
After the powerful impulse, SOXS confidently restored its upward structure, broke through local highs (BoS), and is now testing a strong sell zone.
Right now, the best scenario looks like waiting for a reaction from this zone. If the sellers defend the current area, a pullback to the nearest bullish order block could provide a more favorable entry point to continue the uptrend.
After the powerful impulse, SOXS confidently restored its upward structure, broke through local highs (BoS), and is now testing a strong sell zone.
Right now, the best scenario looks like waiting for a reaction from this zone. If the sellers defend the current area, a pullback to the nearest bullish order block could provide a more favorable entry point to continue the uptrend.