SOXS – 30-Min Long Trade Setup !
📌 🚀📈
🔹 Asset: SOXS (Direxion Daily Semiconductor Bear 3x Shares)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Bullish Breakout Trade
📌 Trade Plan (Long Position)
✅ Entry Zone: Above 26.22 (Breakout Confirmation)
✅ Stop-Loss (SL): Below 25.22 (Invalidation Level)
🎯 Take Profit Targets:
📌 TP1: 27.20 (First Resistance Level)
📌 TP2: 28.48 (Extended Bullish Move)
📊 Risk-Reward Ratio Calculation
📉 Risk (SL Distance): 26.22 - 25.22 = 1.00 risk per unit
📈 Reward to TP1: 27.20 - 26.22 = 0.98 (1:0.98 R/R)
📈 Reward to TP2: 28.48 - 26.22 = 2.26 (1:2.26 R/R)
🔍 Technical Analysis & Strategy
📌 Bullish Breakout Formation: Price is breaking out from a descending trendline, confirming strength.
📌 Support Confirmation: Strong support at 25.22, acting as a demand zone.
📌 Volume Confirmation Needed: Ensure strong buying volume above 26.22 for momentum.
📌 Momentum Shift Expected: Staying above 26.22 could push price to 27.20 and further to 28.48.
📊 Key Resistance & Support Levels
🟢 28.48 – Final Target / TP2
🔴 27.20 – First Resistance / TP1
🟡 26.22 – Breakout Level / Long Entry
⚪ 25.22 – Stop-Loss / Support Level
📉 Trade Execution & Risk Management
📊 Volume Confirmation: Look for strong bullish volume above 26.22 before entering.
📉 Trailing Stop Strategy: Move SL to entry (26.22) after TP1 (27.20) is hit.
💰 Partial Profit Booking Strategy:
✔ Take 50% profits at 27.20, let the rest run toward 28.48.
✔ Adjust Stop-Loss to Break-even (26.22) after TP1 is hit.
⚠️ Fake Breakout Risk
❌ If price drops below 26.22 after breakout, exit early to limit losses.
❌ Wait for strong bullish candle close before entering aggressively.
🚀 Final Thoughts
✔ Bullish Setup – Breakout above 26.22 signals upside potential.
✔ Momentum Shift Possible – Watch for volume confirmation.
✔ Risk-Reward Ratio – Favorable 1:2.26 R/R to TP2.
💡 Stick to the plan, manage risk, and trade smart! 📈🔥
🔗 Hashtags for Reach & Engagement:
#StockMarket 📈 #SOXS 📊 #TradingNews 📰 #MarketUpdate 🔥 #Investing 💰 #LongTrade 🚀 #Finance 💵 #ProfittoPath 🏆 #SwingTrading 🔄 #DayTrading ⚡ #TechnicalAnalysis 📉 #StockSignals 📊 #FinancialFreedom 💡 #MarketTrends 📊 #StockAlerts 🔔 #TradeSmart 🤓 #Bullish 📈 #RiskManagement ⚠️ #TradingCommunity 🤝 #SmartTrading 💰 #MarketAnalysis 📊 #TrendBreakout 🚀
🔹 Asset: SOXS (Direxion Daily Semiconductor Bear 3x Shares)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Bullish Breakout Trade
📌 Trade Plan (Long Position)
✅ Entry Zone: Above 26.22 (Breakout Confirmation)
✅ Stop-Loss (SL): Below 25.22 (Invalidation Level)
🎯 Take Profit Targets:
📌 TP1: 27.20 (First Resistance Level)
📌 TP2: 28.48 (Extended Bullish Move)
📊 Risk-Reward Ratio Calculation
📉 Risk (SL Distance): 26.22 - 25.22 = 1.00 risk per unit
📈 Reward to TP1: 27.20 - 26.22 = 0.98 (1:0.98 R/R)
📈 Reward to TP2: 28.48 - 26.22 = 2.26 (1:2.26 R/R)
🔍 Technical Analysis & Strategy
📌 Bullish Breakout Formation: Price is breaking out from a descending trendline, confirming strength.
📌 Support Confirmation: Strong support at 25.22, acting as a demand zone.
📌 Volume Confirmation Needed: Ensure strong buying volume above 26.22 for momentum.
📌 Momentum Shift Expected: Staying above 26.22 could push price to 27.20 and further to 28.48.
📊 Key Resistance & Support Levels
🟢 28.48 – Final Target / TP2
🔴 27.20 – First Resistance / TP1
🟡 26.22 – Breakout Level / Long Entry
⚪ 25.22 – Stop-Loss / Support Level
📉 Trade Execution & Risk Management
📊 Volume Confirmation: Look for strong bullish volume above 26.22 before entering.
📉 Trailing Stop Strategy: Move SL to entry (26.22) after TP1 (27.20) is hit.
💰 Partial Profit Booking Strategy:
✔ Take 50% profits at 27.20, let the rest run toward 28.48.
✔ Adjust Stop-Loss to Break-even (26.22) after TP1 is hit.
⚠️ Fake Breakout Risk
❌ If price drops below 26.22 after breakout, exit early to limit losses.
❌ Wait for strong bullish candle close before entering aggressively.
🚀 Final Thoughts
✔ Bullish Setup – Breakout above 26.22 signals upside potential.
✔ Momentum Shift Possible – Watch for volume confirmation.
✔ Risk-Reward Ratio – Favorable 1:2.26 R/R to TP2.
💡 Stick to the plan, manage risk, and trade smart! 📈🔥
🔗 Hashtags for Reach & Engagement:
#StockMarket 📈 #SOXS 📊 #TradingNews 📰 #MarketUpdate 🔥 #Investing 💰 #LongTrade 🚀 #Finance 💵 #ProfittoPath 🏆 #SwingTrading 🔄 #DayTrading ⚡ #TechnicalAnalysis 📉 #StockSignals 📊 #FinancialFreedom 💡 #MarketTrends 📊 #StockAlerts 🔔 #TradeSmart 🤓 #Bullish 📈 #RiskManagement ⚠️ #TradingCommunity 🤝 #SmartTrading 💰 #MarketAnalysis 📊 #TrendBreakout 🚀
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.