The SNDK we discussed earlier is now firmly in the bag this time. The window period often hides right when everyone is most hesitant. $SOXL at its current position is a very typical example. I noticed a detail on the chart: the rebound is weaker and weaker each time, but the trading volume is quietly increasing. This divergence is especially dangerous on leveraged ETFs.
The greater the disagreement, the more it indicates that longs and shorts are trading heavily (changing hands) right here, while the price keeps getting trapped below a key resistance and repeatedly tests it. That in itself is a sign of momentum exhaustion. We short not to bet that it will collapse immediately, but to bet that after it fails to break upward, it will naturally pull back. The odds are favorable at this level, and the structure also supports it. Don’t be scared by the intraday wick/spike; just stick to the logic.
🔴 Trade Direction: Short
📍 Entry Range: 107.00 – 110.01
🛑 Stop Loss: 111.01
🎯 Take Profit 1: 104.00
🎯 Take Profit 2: 100.00
Though the water looks still, deep down there is foresight; the market rises and falls calmly.
Walk with “Aunt Fei,” and together we read the tide of wealth as it surges.
#SOXL
Click below to trade 👇
The greater the disagreement, the more it indicates that longs and shorts are trading heavily (changing hands) right here, while the price keeps getting trapped below a key resistance and repeatedly tests it. That in itself is a sign of momentum exhaustion. We short not to bet that it will collapse immediately, but to bet that after it fails to break upward, it will naturally pull back. The odds are favorable at this level, and the structure also supports it. Don’t be scared by the intraday wick/spike; just stick to the logic.
🔴 Trade Direction: Short
📍 Entry Range: 107.00 – 110.01
🛑 Stop Loss: 111.01
🎯 Take Profit 1: 104.00
🎯 Take Profit 2: 100.00
Though the water looks still, deep down there is foresight; the market rises and falls calmly.
Walk with “Aunt Fei,” and together we read the tide of wealth as it surges.
#SOXL
Click below to trade 👇