$SOXS
SOXS (3x inverse semiconductor exposure) broke out of its 41–44 base on heavy volume and is now consolidating just under the 49.6 high. I'm waiting for a pullback into the breakout zone instead of chasing.
Entry: 47.2 – 48.0
Stop-loss: 45.8
- TP1: 49.6
- TP2: 51.0
- TP3: 52.5
Reason: Volume breakout from a long base, tight consolidation above the breakout candle, and RSI at 68 needs a cool-off before the next leg. A 1H close above 49.6 opens 51+.
📰 News: Crypto and risk assets were pressured today by a continued sell-down in tech stocks. Weak tech helps inverse products, but sentiment can flip fast, so keep size small.
⚠️ 3x inverse products are very volatile. Low leverage.
Personal view, not financial advice. DYOR.
#SOXS #TradingStrategies💼💰 #crypto #BinanceSquare
SOXS (3x inverse semiconductor exposure) broke out of its 41–44 base on heavy volume and is now consolidating just under the 49.6 high. I'm waiting for a pullback into the breakout zone instead of chasing.
Entry: 47.2 – 48.0
Stop-loss: 45.8
- TP1: 49.6
- TP2: 51.0
- TP3: 52.5
Reason: Volume breakout from a long base, tight consolidation above the breakout candle, and RSI at 68 needs a cool-off before the next leg. A 1H close above 49.6 opens 51+.
📰 News: Crypto and risk assets were pressured today by a continued sell-down in tech stocks. Weak tech helps inverse products, but sentiment can flip fast, so keep size small.
⚠️ 3x inverse products are very volatile. Low leverage.
Personal view, not financial advice. DYOR.
#SOXS #TradingStrategies💼💰 #crypto #BinanceSquare
