$SOXL is showing signs of weakness after getting rejected near the $125 area. The price has started moving lower and is now approaching the important $120 support. If that level breaks with momentum, I expect sellers to push the price toward the next support zones around $116 and $112.50.
Trade Setup — SHORT
Entry: $121.50 – $123.00
TP1: $119.00
TP2: $116.00
TP3: $112.50
SL: $125.50
Market Outlook:
The short-term trend looks bearish while $SOXL stays below $125. A clean breakdown below $120 could bring stronger selling pressure and open the way toward the lower targets.
#SOXL #Semiconductors #Trading #Binance #MarketUpdate
Trade Setup — SHORT
Entry: $121.50 – $123.00
TP1: $119.00
TP2: $116.00
TP3: $112.50
SL: $125.50
Market Outlook:
The short-term trend looks bearish while $SOXL stays below $125. A clean breakdown below $120 could bring stronger selling pressure and open the way toward the lower targets.
#SOXL #Semiconductors #Trading #Binance #MarketUpdate
