we got hit SL. but no to worries anyway . new signal is xoom soon 😈
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KJPrimeCapital
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🚨 $SOXL — SHORT SETUP | BEARISH WATCH 📉
After a strong rally toward $70, SOXL is showing signs of exhaustion, with sellers gradually taking control on the 1H timeframe.
📊 Trade Setup
- Direction: SHORT 🔴
- Entry Zone: $59.40 – $59.57
- Stop Loss: $62.48
- Take Profit: $53.06
- Risk/Reward: 1:2.24
🔍 Market Outlook
Price is developing a descending structure after failing to sustain its previous rally.
The critical level to watch is $59.27. A decisive breakdown below this support could accelerate selling pressure toward the $56–$53 demand zone.
However, a strong reclaim above $62.50 would invalidate this bearish setup.
🎯 Strategy: Watching for confirmation below support rather than chasing an early entry.
⚠️ Risk Warning: SOXL is a 3x leveraged semiconductor ETF, not a conventional cryptocurrency. Leverage amplifies both gains and losses. Manage risk carefully.
What's your call? Further downside or a bounce from $59? 👇
#SOXL #TradingSetup #ShortSetup #TechnicalAnalysis #BinanceSquare #MarketOutlook
After a strong rally toward $70, SOXL is showing signs of exhaustion, with sellers gradually taking control on the 1H timeframe.
📊 Trade Setup
- Direction: SHORT 🔴
- Entry Zone: $59.40 – $59.57
- Stop Loss: $62.48
- Take Profit: $53.06
- Risk/Reward: 1:2.24
🔍 Market Outlook
Price is developing a descending structure after failing to sustain its previous rally.
The critical level to watch is $59.27. A decisive breakdown below this support could accelerate selling pressure toward the $56–$53 demand zone.
However, a strong reclaim above $62.50 would invalidate this bearish setup.
🎯 Strategy: Watching for confirmation below support rather than chasing an early entry.
⚠️ Risk Warning: SOXL is a 3x leveraged semiconductor ETF, not a conventional cryptocurrency. Leverage amplifies both gains and losses. Manage risk carefully.
What's your call? Further downside or a bounce from $59? 👇
#SOXL #TradingSetup #ShortSetup #TechnicalAnalysis #BinanceSquare #MarketOutlook
