The NEAR strategy setup shared earlier has played out, and this round’s profits are now locked in. High-reward opportunities don’t wait. The volume behind this bounce at $SOXL is clearly falling short, and structurally it looks more like a continuation of the downtrend than a reversal. The key evidence: price has repeatedly tested the resistance zone above but has never managed to hold there. Each rally has come with shrinking volume, showing that buyers aren’t stepping in aggressively.
The core idea behind shorting at this level is to bet on the bounce running out of steam. As long as price fails to reclaim key levels convincingly, a move lower is only a matter of time. The weaker the bounce, the more comfortable the bears are.
🔴 Trade direction: Short
📍 Entry range: 118.98 – 122.98
🛑 Stop loss: 124.98
🎯 Take profit 1: 115.99
🎯 Take profit 2: 111.99
Take in the vastness of mountains and seas; observe the market’s subtle shifts.
Trade alongside Uncle Xiong, and witness the gains and losses of the world.
#SOXL
Click below to trade 👇
The core idea behind shorting at this level is to bet on the bounce running out of steam. As long as price fails to reclaim key levels convincingly, a move lower is only a matter of time. The weaker the bounce, the more comfortable the bears are.
🔴 Trade direction: Short
📍 Entry range: 118.98 – 122.98
🛑 Stop loss: 124.98
🎯 Take profit 1: 115.99
🎯 Take profit 2: 111.99
Take in the vastness of mountains and seas; observe the market’s subtle shifts.
Trade alongside Uncle Xiong, and witness the gains and losses of the world.
#SOXL
Click below to trade 👇