$SOXL Downtrend
1H shows clear rejection and formation of lower highs at 107-> 88->85
Recent upward movement from 78 support is merely a corrective bounce within this larger downtrend
$SOXL Short Setup (Preferred)
· Entry Short: 87 to 90 (Wait for a relief bounce into previous rejection area)
· Stop Loss: above 93
· TP1: 80
· TP2: 76 (Breakdown of current range)
Support me just Trade here👇#soxl
1H shows clear rejection and formation of lower highs at 107-> 88->85
Recent upward movement from 78 support is merely a corrective bounce within this larger downtrend
$SOXL Short Setup (Preferred)
· Entry Short: 87 to 90 (Wait for a relief bounce into previous rejection area)
· Stop Loss: above 93
· TP1: 80
· TP2: 76 (Breakdown of current range)
Support me just Trade here👇#soxl