đ $SOXL BULL CASE
If $130 holds, Iâm watching for a move through $134, then $138 â $140 â $145-$150 â $155-$160.
đ» Risk case:
If $130 breaks down, the next levels Iâm watching are $127 â $123-$124 â $117-$120.
$SOXL is around $133.04 premarket, while IV remains elevated near 110%.
My view: the momentum is strong, but this is definitely not low-risk momentum. With a 3X leveraged ETF, moves can expand quickly in either direction.
For me, $130 remains the key pivot.
If $130 holds, Iâm watching for a move through $134, then $138 â $140 â $145-$150 â $155-$160.
đ» Risk case:
If $130 breaks down, the next levels Iâm watching are $127 â $123-$124 â $117-$120.
$SOXL is around $133.04 premarket, while IV remains elevated near 110%.
My view: the momentum is strong, but this is definitely not low-risk momentum. With a 3X leveraged ETF, moves can expand quickly in either direction.
For me, $130 remains the key pivot.