$SOXL is in a dominant downtrend, showing clear lower highs (169, 143, 105) and lower lows (136, 86).
The recent rebound to 105 was a stalled relief rally, indicating that sellers remain active at higher levels.
$SOXL Short Strategy
· Short entry zone: 102 - 105
· Stop-loss (SL): Above 108
· Take profit 1 (TP1): 94
· Take profit 2 (TP2): 87
Support me by trading here 👇#soxl
The recent rebound to 105 was a stalled relief rally, indicating that sellers remain active at higher levels.
$SOXL Short Strategy
· Short entry zone: 102 - 105
· Stop-loss (SL): Above 108
· Take profit 1 (TP1): 94
· Take profit 2 (TP2): 87
Support me by trading here 👇#soxl