High odds and calmness do not contradict each other; $SOXL is exactly this kind of combination right now. On the four-hour timeframe, the rebound amount continues to shrink; the moving averages above provide clear resistance. In terms of structure, it looks more like a downward continuation than a reversal. The selling pressure near the prior high has been repeatedly validated, and the bid-side support weakens once again after each attempt. This kind of volume-price divergence usually points to the same direction.
What I care more about is the slope of the rebound— the steeper it is, the harder it is to sustain. And this round of repair clearly lacks the participation of incremental capital. Once a key level is breached, downside space will open up quickly.
🔴 Trade direction: Short
📍 Entry range: 1514.4 – 152.94
🛑 Stop loss: 154.94
🎯 Take profit 1: 148.94
🎯 Take profit 2: 145.95
No need to chase the trend— the trend will stay on its own.
Stand side by side with Sister Li, so that every inch of time leaves an echo.
#SOXL
Click below to trade 👇
What I care more about is the slope of the rebound— the steeper it is, the harder it is to sustain. And this round of repair clearly lacks the participation of incremental capital. Once a key level is breached, downside space will open up quickly.
🔴 Trade direction: Short
📍 Entry range: 1514.4 – 152.94
🛑 Stop loss: 154.94
🎯 Take profit 1: 148.94
🎯 Take profit 2: 145.95
No need to chase the trend— the trend will stay on its own.
Stand side by side with Sister Li, so that every inch of time leaves an echo.
#SOXL
Click below to trade 👇