We’ve been waiting for a clear confirmation of accumulation, but the chart for $SOXL has already started showing signs of weakness. Once the trendline broke, the rebound clearly lacked momentum, and volume failed to support it. Given this structure, I’m inclined to look lower. The former support above has now turned into resistance, so a bounce back toward it looks more like an opportunity for bears to get positioned.
There’s no need to rush into a trade. We can wait for the structure to confirm before making a move. As long as the price fails to reclaim the key level decisively, the idea of a step-by-step move lower remains valid. Keep risk in mind, though—if the rebound holds firm, we’ll have to admit we were wrong.
🔴 Trade direction: Short
📍 Entry range: 105.00 – 102.00
🛑 Stop loss: 110.00
🎯 Take profit 1: 100.00
🎯 Take profit 2: 95.00
🎯 Take profit 3: 90.00
🎯 Take profit 4: 85.00
No need to chase the trend; the wind will stay at your back on its own.
Stand alongside Sister Li, and let every moment leave an echo.
#SOXL
Click below to trade 👇
There’s no need to rush into a trade. We can wait for the structure to confirm before making a move. As long as the price fails to reclaim the key level decisively, the idea of a step-by-step move lower remains valid. Keep risk in mind, though—if the rebound holds firm, we’ll have to admit we were wrong.
🔴 Trade direction: Short
📍 Entry range: 105.00 – 102.00
🛑 Stop loss: 110.00
🎯 Take profit 1: 100.00
🎯 Take profit 2: 95.00
🎯 Take profit 3: 90.00
🎯 Take profit 4: 85.00
No need to chase the trend; the wind will stay at your back on its own.
Stand alongside Sister Li, and let every moment leave an echo.
#SOXL
Click below to trade 👇