$SOXL All long take-profit (TP) targets have been hit as expected ✅ However, I’m now leaning toward a short position (a counter-trend pullback).
Price is currently testing the key resistance zone around 69–70 (the previous consolidation zone and psychological level).
The recent rally has been parabolic and overextended. The 15-minute chart shows momentum stalling around 69, accompanied by a slight pullback. This suggests a high probability of a short-term retracement before any further upward continuation.
$SOXL Short trade plan
· Short entry: 69 to 71 (look for signs of rejection and a pullback)
· Stop loss (SL): Above 74
· Take profit (TP): 65 and 61
Support me by trading here 👇$SOXL
Price is currently testing the key resistance zone around 69–70 (the previous consolidation zone and psychological level).
The recent rally has been parabolic and overextended. The 15-minute chart shows momentum stalling around 69, accompanied by a slight pullback. This suggests a high probability of a short-term retracement before any further upward continuation.
$SOXL Short trade plan
· Short entry: 69 to 71 (look for signs of rejection and a pullback)
· Stop loss (SL): Above 74
· Take profit (TP): 65 and 61
Support me by trading here 👇$SOXL
