$SOXL - the fund has seriously dumped the price - 240.50 was the former support, which has now turned into strong mirror resistance during the upward bounce attempt
Short for the HOURLY chart
Entry 240.52
Stop 253.50
Target 215.00
From the level 215.00 - 220 there’s a very high probability of a technical bounce up, so this short is for scalping, stop is mandatory
Semiconductor sector - NVIDIA, AMD, Broadcom - is currently stormy due to mass profit-taking by whales after a prolonged rally, but on the daily we see that after a recent similar dump, new highs were gradually reached
$SOXL
DYOR
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