$SOXL
Short Setup
Price may be facing rejection at the 1h MA7, with a potential move lower if sellers regain control.
Trade plan:
Entry: 54.2 - 54.6
Take Profit 1: 51.82
Take Profit 2: 49.76
Stop-Loss: 56.24
If the rejection holds, bears could drive the next leg down!
Be careful: Strong 15m momentum could push price through the 1h MA7 and trigger the stop before the broader trend resumes.
Never go all-in, fam. Use a position size that fits your account and risk tolerance. Not financial advice.
Short Setup
Price may be facing rejection at the 1h MA7, with a potential move lower if sellers regain control.
Trade plan:
Entry: 54.2 - 54.6
Take Profit 1: 51.82
Take Profit 2: 49.76
Stop-Loss: 56.24
If the rejection holds, bears could drive the next leg down!
Be careful: Strong 15m momentum could push price through the 1h MA7 and trigger the stop before the broader trend resumes.
Never go all-in, fam. Use a position size that fits your account and risk tolerance. Not financial advice.
