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$SOXL | 1h | Pullback Rejection
Bias: Short
Entry Zone: 143.20 to 145.20
Stop Loss: 149.20
Targets:
TP1: 139.20
TP2: 135.20
TP3: 130.20
Invalidation:
Close above 149.20
Why This Setup:
I’m seeing a bearish structure on the 1h after a strong impulse lower and only a partial rebound into prior resistance. I want a failed push back into the 144-145 area, where sellers can defend and drive price back toward the recent range lows.