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$SOXLB 4H: Dead-Cat Bounce or the Start of a Trend Reversal?
📊 Market Bias: Neutral → Bullish (Recovery Phase)
🎯 Trade Setup: LONG on Confirmation
Entry Zone: 119.50–122.50 (buy on successful retest/hold)
Stop Loss: 114.80
TP1: 128.00
TP2: 134.00
TP3: 142.00
Risk:Reward: 1:2.8+
Trade Invalidation: A 4H close below 115.00 invalidates the bullish recovery structure.
📈 Technical Analysis (4H)
Price Action: Strong rebound from 85.95, but price is now testing a key resistance zone after the recovery.
Market Structure: Short-term higher lows have formed, although the higher-timeframe trend remains below the previous swing high.
EMA/MA: MA(7) is above MA(25), showing improving short-term momentum, but price is still below the MA(99), meaning the macro trend has not fully flipped bullish.
Support: 115–118, then 110.
Resistance: 126–128, followed by 136.
SMC: Liquidity was swept below the 85.95 low, followed by a strong displacement candle—a sign buyers have stepped in.
Order Block / FVG: Demand remains around 115–118, while supply sits near 126–130.
Volume: Recovery was supported by expanding volume, but the latest pullback suggests profit-taking. Watch for volume expansion on the next breakout attempt.
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