🚨 $SOXL EYEING CRUCIAL SUPPLY ZONE RETEST FOR CONTINUATION LOWER 📉
Entry: 104.41 - 105.03 ⚡
Target: 99.97 - 97.60 - 95.23 🎯
Stop Loss: 107.98 🛑
📌 Institutional distribution is driving 1H market structure lower, leaving an overhead supply imbalance. We are monitoring price action for an inefficiency fill into the 104.41–105.03 pocket before considering short exposure.
📊 As downward momentum persists, sell-side liquidity pools rest below the century mark with structural targets extending toward 95.23 for an asymmetric 2.91R profile. Patience remains paramount as confirmation on lower timeframes is required.
🤔 Will this premium supply zone hold the line on a retest, or are you expecting buyers to invalidate the setup? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #SOXL #ShortSetup #Trading #Bearish #MarketStructure
🎯 🦈
Entry: 104.41 - 105.03 ⚡
Target: 99.97 - 97.60 - 95.23 🎯
Stop Loss: 107.98 🛑
📌 Institutional distribution is driving 1H market structure lower, leaving an overhead supply imbalance. We are monitoring price action for an inefficiency fill into the 104.41–105.03 pocket before considering short exposure.
📊 As downward momentum persists, sell-side liquidity pools rest below the century mark with structural targets extending toward 95.23 for an asymmetric 2.91R profile. Patience remains paramount as confirmation on lower timeframes is required.
🤔 Will this premium supply zone hold the line on a retest, or are you expecting buyers to invalidate the setup? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #SOXL #ShortSetup #Trading #Bearish #MarketStructure
🎯 🦈