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$SOXL — Fresh Short Setup ⚠️🔥



SOXL just ripped almost 10% in one session and closed around $117.28.

Now price is sitting right under the $118–120 resistance zone.

I’m not chasing the short either — I want to see sellers actually reject this area.

🔴 SHORT ENTRY: $117.0 – $118.5
🛑 SL: $120.5
🎯 TP1: $116.0
🎯 TP2: $114.5
🎯 TP3: $113.0

The setup is simple:

$118–120 rejection → short idea 🔻

If price loses $116, I’d expect the downside move to speed up toward $114.5.

But if SOXL cleanly breaks $120.5, I’m out. No fighting the momentum.

⚠️ SOXL is 3x leveraged, so keep the position small.

Close TP. Tight SL. Wait for rejection.

Would you short the rejection here? 👀👇

NFA. Manage your risk.
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US_Arbitrage
11 minutes ago
3x leverage really calls for caution—keep the position small, set a proper stop-loss, and leave the rest to the market.
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FloorAlert
14 minutes ago
With SOXL’s volatility, setting a $20 stop-loss feels like I’d get stopped out in minutes, but I can’t sleep without one.
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TypoMaster
14 minutes ago
$118 is an awkward level: if it can’t break above, it’s a double top; if it does, admit the mistake and get out.
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SalvageCollector
15 minutes ago
First Review
Wait for a fake breakout, then it will dump; chasing longs at this level can easily leave you trapped.
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