$SOXL Continue shorting
The price recently faced strong resistance and was rejected at the psychological level of 50 (local high: 49), then found temporary buying interest near the 43–44 support zone. The 15-minute chart shows choppy, sideways movement with long wicks, indicating indecision in the middle of the range.
Given the broader downtrend and the weak rebound, the overall bias remains bearish.
$SOXL Short strategy
· Short entry: 48 to 50 (resistance rejection zone)
· Stop-loss: Above 53
· Take profit 1: 45
· Take profit 2: 43
· Take profit 3: 39 (recent low)
Support me in this trade 👇$SOXL
The price recently faced strong resistance and was rejected at the psychological level of 50 (local high: 49), then found temporary buying interest near the 43–44 support zone. The 15-minute chart shows choppy, sideways movement with long wicks, indicating indecision in the middle of the range.
Given the broader downtrend and the weak rebound, the overall bias remains bearish.
$SOXL Short strategy
· Short entry: 48 to 50 (resistance rejection zone)
· Stop-loss: Above 53
· Take profit 1: 45
· Take profit 2: 43
· Take profit 3: 39 (recent low)
Support me in this trade 👇$SOXL
