$SOXS Strong Reversal Sets Up a Fresh Upside Leg
LONG
Trade Setup:
Entry Range: 42.00 – 43.00
SL: 39.50
TP1: 46.10
TP2: 51.25
TP3: 56.40
$SOXS has bounced strongly from the 36.97 low inside the major support zone and is now showing a clear reversal structure. The sharp recovery above 42.00 suggests buyers are gaining control after the prolonged decline.
A sustained move above the current zone could push price toward 46.10, followed by 51.25 and potentially 56.40. The bullish setup remains valid while the strong support area around 37.00 holds.
LONG
Trade Setup:
Entry Range: 42.00 – 43.00
SL: 39.50
TP1: 46.10
TP2: 51.25
TP3: 56.40
$SOXS has bounced strongly from the 36.97 low inside the major support zone and is now showing a clear reversal structure. The sharp recovery above 42.00 suggests buyers are gaining control after the prolonged decline.
A sustained move above the current zone could push price toward 46.10, followed by 51.25 and potentially 56.40. The bullish setup remains valid while the strong support area around 37.00 holds.