📢 $SOXL / $USDT | 🔴 SHORT | ⭐ 66.6%
🎯 Goal: $109.32. Is it still falling?
🎯 Trading levels:
🟢 Entry: $114.59
🛑 Stop Loss: $117.75
🏁 TP1: $109.32
🏁 TP2: $108.26
🏁 TP3: $106.15
📉 Analysis:
The market structure in $SOXL / $USDT shows a bearish alignment across all timeframes, confirmed by a double-top pattern that invalidates prior bullish attempts. The ADX of 30.38 confirms a strong trend, while the bearish MACD crossover (trend momentum indicator) and the RSI at 32.0 (reflecting imminent weakness but with room for further decline) validate the current selling pressure below the 20 and 50 EMAs.
⚖️ Risk/Reward: 1:1.67
⏱️ Timeframe: 1H
📐 Technical confidence: 4/5
The invalidation of this setup is strictly at $117.75, a level where the bearish structure would lose relevance in the event of a recovery in the moving averages. Watch the immediate support at $110.32, as its break is necessary to confirm the bearish momentum toward the stated targets.
Do you think the sell volume will be enough for $SOXL to break the $110.32 support in the current session?
💡 This analysis is for educational purposes only and is not financial advice. Do your own research and decide calmly.
#crypto #SOXL #trading #Futures #Bearish
🎯 Goal: $109.32. Is it still falling?
🎯 Trading levels:
🟢 Entry: $114.59
🛑 Stop Loss: $117.75
🏁 TP1: $109.32
🏁 TP2: $108.26
🏁 TP3: $106.15
📉 Analysis:
The market structure in $SOXL / $USDT shows a bearish alignment across all timeframes, confirmed by a double-top pattern that invalidates prior bullish attempts. The ADX of 30.38 confirms a strong trend, while the bearish MACD crossover (trend momentum indicator) and the RSI at 32.0 (reflecting imminent weakness but with room for further decline) validate the current selling pressure below the 20 and 50 EMAs.
⚖️ Risk/Reward: 1:1.67
⏱️ Timeframe: 1H
📐 Technical confidence: 4/5
The invalidation of this setup is strictly at $117.75, a level where the bearish structure would lose relevance in the event of a recovery in the moving averages. Watch the immediate support at $110.32, as its break is necessary to confirm the bearish momentum toward the stated targets.
Do you think the sell volume will be enough for $SOXL to break the $110.32 support in the current session?
💡 This analysis is for educational purposes only and is not financial advice. Do your own research and decide calmly.
#crypto #SOXL #trading #Futures #Bearish
