This position is holding; the shorts have thrown three waves but couldn’t break through. It might be time to try going long.
Once 42.33’s low hasn’t been breached for two consecutive days, it suggests there are buyers underneath. The Bollinger Bands are squeezed tightly; this kind of extreme compression is often a sign of an impending breakout. The MACD fast and slow lines are also about to form a golden cross. If 43.38’s midline is reclaimed and holds, that’s when the acceleration phase starts.
Entry: 43.22
Stop loss: 42.00
Take profit: 44.50
$SOXS - Long 🟢
Enter from below👇
Once 42.33’s low hasn’t been breached for two consecutive days, it suggests there are buyers underneath. The Bollinger Bands are squeezed tightly; this kind of extreme compression is often a sign of an impending breakout. The MACD fast and slow lines are also about to form a golden cross. If 43.38’s midline is reclaimed and holds, that’s when the acceleration phase starts.
Entry: 43.22
Stop loss: 42.00
Take profit: 44.50
$SOXS - Long 🟢
Enter from below👇
