$SOXL : Another Short Opportunity? $60 Is Back on My Radar
SOXL is back on my bearish watchlist, with a potential move toward $60 if selling pressure continues.
SHORT setup
Stop Loss: $74
Take Profit: $60
The setup is straightforward, but the entry matters.
I'm not going to chase a drop without confirmation. Before opening a position, I want to see a clear rejection or a break of support that favors sellers.
A sustained move above $74 would invalidate this bearish scenario.
One important detail: without a confirmed entry price, the risk/reward ratio remains unknown.
SOXL is a leveraged semiconductor ETF, so volatility and sudden reversals deserve particular attention.
Would you short a failed rebound or wait for a confirmed breakdown?
$SOXL
#Trading #Semiconductors
SOXL is back on my bearish watchlist, with a potential move toward $60 if selling pressure continues.
SHORT setup
Stop Loss: $74
Take Profit: $60
The setup is straightforward, but the entry matters.
I'm not going to chase a drop without confirmation. Before opening a position, I want to see a clear rejection or a break of support that favors sellers.
A sustained move above $74 would invalidate this bearish scenario.
One important detail: without a confirmed entry price, the risk/reward ratio remains unknown.
SOXL is a leveraged semiconductor ETF, so volatility and sudden reversals deserve particular attention.
Would you short a failed rebound or wait for a confirmed breakdown?
$SOXL
#Trading #Semiconductors
