$SOXS — Not Chasing, Waiting for a Pullback (1h)
SOXS is up about 26% in 24h and trades near $51.94 after a near-vertical push from $40.69 to a $52.36 high. I'm not chasing this move. I'm waiting for a pullback to the $50 area, where the breakout zone sits, and I want to see it hold before I take a long. If price instead makes a new high and closes above $52.36 with confirmation that it can go higher, I'd take the continuation trade.
📍 Pullback entry: $50.00–$50.50 (only if it holds)
🎯 TP1: $52.40
🎯 TP2: $53.00
🛑 SL: Below $48.80
Alternative: a 1H close above $52.36 that holds.
Do you think $SOXS pulls back to $50 first, or just keeps going? 👇
⚠️ SOXS is a leveraged inverse ETF perp, so moves can be extreme and can gap. Not financial advice.
— ANiii Trader Analysis 📊
👇 Trade on Binance
$PARTI
SOXS is up about 26% in 24h and trades near $51.94 after a near-vertical push from $40.69 to a $52.36 high. I'm not chasing this move. I'm waiting for a pullback to the $50 area, where the breakout zone sits, and I want to see it hold before I take a long. If price instead makes a new high and closes above $52.36 with confirmation that it can go higher, I'd take the continuation trade.
📍 Pullback entry: $50.00–$50.50 (only if it holds)
🎯 TP1: $52.40
🎯 TP2: $53.00
🛑 SL: Below $48.80
Alternative: a 1H close above $52.36 that holds.
Do you think $SOXS pulls back to $50 first, or just keeps going? 👇
⚠️ SOXS is a leveraged inverse ETF perp, so moves can be extreme and can gap. Not financial advice.
— ANiii Trader Analysis 📊
👇 Trade on Binance
$PARTI
