$SOXL — Short Liquidations Put Bulls on Watch
SOXL recorded $1.69K in short liquidations near $101.58. The forced short exits suggest upside momentum is active around this level.
Trading Setup — LONG
Entry Zone: $101.40–$102.00
TP1: $104.00
TP2: $107.00
TP3: $110.00
Stop Loss: $99.80
The key is whether $SOXL can hold above $101.40. Continued strength above $101.58 could fuel another push higher.
Invalidation: Sustained break below $99.80.
Trade with proper risk management and DYOR.
$SOXL #CryptoTrading
#Trading
SOXL recorded $1.69K in short liquidations near $101.58. The forced short exits suggest upside momentum is active around this level.
Trading Setup — LONG
Entry Zone: $101.40–$102.00
TP1: $104.00
TP2: $107.00
TP3: $110.00
Stop Loss: $99.80
The key is whether $SOXL can hold above $101.40. Continued strength above $101.58 could fuel another push higher.
Invalidation: Sustained break below $99.80.
Trade with proper risk management and DYOR.
$SOXL #CryptoTrading
#Trading
