- Current price.
🎯 Price target (TP):
- $80
🛑 Stop loss (SL):
- $56
📊 Technical analysis:
Price action suggests the possibility of consolidation forming near historical support levels.
Liquidity sweeps below recent lows may also have helped liquidate late short positions, potentially paving the way for a stronger upward move.
Momentum indicators are showing signs of improvement, with the possibility of continued upward movement toward higher liquidity zones, provided the reversal is confirmed and price reclaims key structural resistance levels.
👀 Are you preparing to enter a long trade with this bullish reversal, or would you prefer to wait for a retest of support and confirmation of the breakout first?
⚠️ Note: This is not investment advice. Always manage risk and determine an appropriate position size.
🏷️ #$SOXL
#HotCPIDecemberHikePriced
🎯 Price target (TP):
- $80
🛑 Stop loss (SL):
- $56
📊 Technical analysis:
Price action suggests the possibility of consolidation forming near historical support levels.
Liquidity sweeps below recent lows may also have helped liquidate late short positions, potentially paving the way for a stronger upward move.
Momentum indicators are showing signs of improvement, with the possibility of continued upward movement toward higher liquidity zones, provided the reversal is confirmed and price reclaims key structural resistance levels.
👀 Are you preparing to enter a long trade with this bullish reversal, or would you prefer to wait for a retest of support and confirmation of the breakout first?
⚠️ Note: This is not investment advice. Always manage risk and determine an appropriate position size.
🏷️ #$SOXL
#HotCPIDecemberHikePriced
