⚠️ $SOXL Pullback Is Building — Sellers Have the Momentum!
After climbing toward $57.80, $SOXL has turned lower. The latest 15-minute candles show consecutive selling pressure, with price now trading around $55.36.
I'm watching for further downside if the $55.70 resistance zone continues to hold.
🔻 My Short Trade Setup
Entry: 55.73 – 55.36
Stop-loss: 57.96
TP1: 54.80
TP2: 52.50
TP3: 50.11
The key is whether sellers can maintain control below resistance. A strong recovery could invalidate this setup, so risk management is essential.
Will $SOXL continue correcting or surprise sellers with a bounce?
#SOXL #Trading #TechnicalAnalysis #Binance
After climbing toward $57.80, $SOXL has turned lower. The latest 15-minute candles show consecutive selling pressure, with price now trading around $55.36.
I'm watching for further downside if the $55.70 resistance zone continues to hold.
🔻 My Short Trade Setup
Entry: 55.73 – 55.36
Stop-loss: 57.96
TP1: 54.80
TP2: 52.50
TP3: 50.11
The key is whether sellers can maintain control below resistance. A strong recovery could invalidate this setup, so risk management is essential.
Will $SOXL continue correcting or surprise sellers with a bounce?
#SOXL #Trading #TechnicalAnalysis #Binance
