๐จ $SOXL FACES HEAVY SUPPLY REJECTION AT 104 AS INSTITUTIONAL ORDER FLOW TURNS BEARISH ๐
Entry: 99.00 - 100.00 โก
Target: 96.00 ๐ฏ
Stop Loss: 102.50 ๐
๐ Price met aggressive distribution inside the $104โ$105 overhead supply cluster, leaving behind a clear institutional rejection wick. Sellers are now actively pressing price lower, shifting lower timeframe structure into a defensive posture.
๐ Sustained acceptance beneath the $99.00โ$100.00 block opens path toward the $96.00 liquidity pocket, with a 1H close below $98.00 confirming momentum expansion. Note that an impulsive recovery back above $102.00 completely invalidates this bearish posture.
๐ฌ Are you positioning short on this breakdown or waiting for a liquidity grab above supply? ๐
โ ๏ธ Not financial advice. Always manage your risk. ๐ก๏ธ
๐ท๏ธ #SOXL #ShortSetup #PriceAction #MarketStructure
๐ฏ ๐ฆ
Entry: 99.00 - 100.00 โก
Target: 96.00 ๐ฏ
Stop Loss: 102.50 ๐
๐ Price met aggressive distribution inside the $104โ$105 overhead supply cluster, leaving behind a clear institutional rejection wick. Sellers are now actively pressing price lower, shifting lower timeframe structure into a defensive posture.
๐ Sustained acceptance beneath the $99.00โ$100.00 block opens path toward the $96.00 liquidity pocket, with a 1H close below $98.00 confirming momentum expansion. Note that an impulsive recovery back above $102.00 completely invalidates this bearish posture.
๐ฌ Are you positioning short on this breakdown or waiting for a liquidity grab above supply? ๐
โ ๏ธ Not financial advice. Always manage your risk. ๐ก๏ธ
๐ท๏ธ #SOXL #ShortSetup #PriceAction #MarketStructure
๐ฏ ๐ฆ