The BTC strategy I shared earlier already took profits in the last round. Trouble often emerges after a trap— the more I look at this rally, $SOXL , the more it seems like a bull trap. Have you noticed that volume is shrinking as the price rises? This kind of divergence often means there aren't many buyers chasing the rally, so it may not hold for long. There's plenty of overhead supply in the 117–123 area, and a rebound there will likely get pushed back down.
Looking at the structure, each high is lower than the last, so the trend hasn't truly turned bullish. That's why I'd rather lean bearish here, with a stop-loss above the range to guard against a false breakout, and look for room to fall. Don't let the green candles in front of you distract you.
🔴 Trade direction: Short
📍 Entry range: 116.99–122.99
🛑 Stop-loss: 124.99
🎯 Take profit 1: 113.99
🎯 Take profit 2: 109.99
There's no need to chase the prevailing wind; it will settle in on its own.
Stand alongside Sister Li, and let every moment resonate.
#SOXL
Click below to trade 👇
Looking at the structure, each high is lower than the last, so the trend hasn't truly turned bullish. That's why I'd rather lean bearish here, with a stop-loss above the range to guard against a false breakout, and look for room to fall. Don't let the green candles in front of you distract you.
🔴 Trade direction: Short
📍 Entry range: 116.99–122.99
🛑 Stop-loss: 124.99
🎯 Take profit 1: 113.99
🎯 Take profit 2: 109.99
There's no need to chase the prevailing wind; it will settle in on its own.
Stand alongside Sister Li, and let every moment resonate.
#SOXL
Click below to trade 👇