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! 📈🔥

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