$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.
Clos