$SOXL shorting at speed!!
SOXL’s big bearish candle directly breaks through the Bollinger midline at 118.19, approaching the lower band at 113.27. The MACD dead cross confirms and the green histogram quickly expands. A 3x leveraged long ETF in a downtrend will have its downside amplified by multiples, and capital is accelerating its withdrawal. The semiconductor sector is under overall pressure; even the bounce can’t get back up to touch 115, and below, the lower band at 113.27 simply can’t hold.
Entry: 113.88
Stop loss: 118.19
Take profit: 105.00
$SOXL - Short 🔻
Enter the trade from below👇
SOXL’s big bearish candle directly breaks through the Bollinger midline at 118.19, approaching the lower band at 113.27. The MACD dead cross confirms and the green histogram quickly expands. A 3x leveraged long ETF in a downtrend will have its downside amplified by multiples, and capital is accelerating its withdrawal. The semiconductor sector is under overall pressure; even the bounce can’t get back up to touch 115, and below, the lower band at 113.27 simply can’t hold.
Entry: 113.88
Stop loss: 118.19
Take profit: 105.00
$SOXL - Short 🔻
Enter the trade from below👇
