Opening a BIG LONG on $SOXL here, looking to reclaim that liquidity upside 👀
Invalidation: $52
TP: $57–$60
Buyers are still showing strength on the lower timeframe, and I think we've got a little more bullish push left in this move. There's also some seller orders still sitting up there, so it's not a completely clean runway, which is exactly why I'm taking this with a careful size and booking partials along the way instead of going all in at once.
Buyers in control for now, some resistance still above us, watching $57–$60 as the move develops.
Invalidation: $52
TP: $57–$60
Buyers are still showing strength on the lower timeframe, and I think we've got a little more bullish push left in this move. There's also some seller orders still sitting up there, so it's not a completely clean runway, which is exactly why I'm taking this with a careful size and booking partials along the way instead of going all in at once.
Buyers in control for now, some resistance still above us, watching $57–$60 as the move develops.
