soxsusdt

$SOXS - SHORT
Entry: Short around 54.65 – 54.85
Stop Loss: 57.00
Profit Targets:
TP1: 52.58
TP2: 51.08
TP3: 49.34
Why This Setup.?
The asset has experienced a sharp rally from the 46.83 base but is now facing selling pressure near the 55–56 resistance zone (multiple red candles and MA resistance). As a 3X bear product in a sector with strong bullish undertones for semis (AI tailwinds), SOXS often faces gravity on any semis recovery. Recent price action shows rejection at higher levels with increasing volume on downside wicks — favoring a near-term retracement toward support. Indicators like MACD histogram potential contraction and StochRSI cooling support a cautious short bias in this leveraged environment.
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This is not financial advice — always DYOR and trade responsibly.
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🌟 LONG $SOXS
Entry: 56.3
TP: 59.115 | SL: 50.67

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🔔 LONG $SOXS
Entry: 52.79
TP: 55.429 | SL: 47.511

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📈 Price is tracking the EMA8 closely, indicating an extremely steep upward trend.
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