Post
Bullish

Range-bound $SOXL /USDT is secretly building for a 114.25 breakout



$SOXL /USDT - LONG

Trade Plan:
Entry: 101.36 – 102.26
SL: 96.23
TP1: 106.00
TP2: 108.79
TP3: 112.98

Why this setup?
Why now? The daily trend is range, but the 1h price is sitting at 101.81 with a tight 1h ATR of 1.79, compressing energy right at the entry zone of 101.36 to 102.26. The 15m RSI at 40.14 shows fading selling pressure, and the 4h trend bias confirms LONG with 77.4 confidence. TP1 at 106.00 is the first objective, TP2 at 108.79 extends the move, and anything above 114.25 invalidates the entire setup, turning the range into a breakdown. The strategy is to ride the compression release from the entry zone toward the upper invalidation wall.

Debate:
Are you fading the range or chasing the breakout above 114.25?

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SOXLSOXL-10.41%


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PrinceMagsi786
19 minutes ago
Interesting 👀
0
PrinceMagsi786
19 minutes ago
First Review
LFG 🔥
0