$SOXS rebounded to around 53 but clearly couldn't go any higher. It then fell sharply in a series of down days, and the MACD also formed a death cross at a high level, with bearish momentum still being released. As long as the rebound fails to break above the short-term resistance at 51.89, it's highly likely to test the previous low support again!

Entry: 49.47
Stop-loss: 51.00
Take-profit: 46.00

$SOXS - Short

Enter the trade from below👇