$SOXSB
Price broke out of mid-range consolidation around 37.00 with aggressive 4H momentum, driving straight into local resistance at 42.58. Trend structure remains firmly bullish above the key moving averages, but buying the top of an extended vertical impulse carries heavy breakout-rejection risk.
Wait for the overextended move to cool off. A controlled retest of previous resistance flipped support offers high-probability positioning before the next expansion leg.
• Entry Zone: 38.80 - 40.20 • TP1: 42.60 • TP2: 45.00 • TP3: 48.50 • Stop-Loss: 36.40
#SOXSB #WriteToEarnUpgrade
Price broke out of mid-range consolidation around 37.00 with aggressive 4H momentum, driving straight into local resistance at 42.58. Trend structure remains firmly bullish above the key moving averages, but buying the top of an extended vertical impulse carries heavy breakout-rejection risk.
Wait for the overextended move to cool off. A controlled retest of previous resistance flipped support offers high-probability positioning before the next expansion leg.
• Entry Zone: 38.80 - 40.20 • TP1: 42.60 • TP2: 45.00 • TP3: 48.50 • Stop-Loss: 36.40
#SOXSB #WriteToEarnUpgrade