Trade Details:
* Coin Name: SOXL
* Bias: LONG
* Entry Zone: $101.5 – $102.6
* Stop Loss: $98.50
* TP1: $106.00 | TP2: $111.00 | TP3: $117.00
* Risk Level: High
My Analysis:
I’m watching this recent wave of long liquidations shake out weak hands right around the $102.6 mark, creating an attractive liquidity sweep into lower demand. Order flow suggests selling momentum is losing steam as price retests key horizontal support. For me, if we can hold this entry zone, I see a high-probability bounce back toward the upper resistance levels.
