DIREXION DAILY SEMICONDUCTOR BULL 3X SHARES $SOXL SHOWING BEARISH WEAKNESS AT RESISTANCE! ARE BEARS TARGETING $160.35 NEXT?
Pair: $SOXL /USDT
Direction: SHORT
Entry Price: 163.76
Target Levels (Take Profit)
TP 1: 162.48 0.78%
TP 2: 161.63 1.30%
TP 3: 160.35 2.08%
Stop Loss
SL: 165.47 (+1.04%)
Technical Breakdown
Price Action & Structure: SOXL ($163.76) reached peak exhaustion around the $168.00–$170.00 region before rolling over into a tight, lower-high consolidation pattern. The loss of buying momentum near resistance has pushed the price zone down into the middle Bollinger Band (BB 20), opening downside room into the lower profit zone.
Short-term MA 7 and MA 25 have flattened and are beginning to curl downward above current price candles, providing immediate overhead resistance around $164.00–$165.00. A sustained push below current levels keeps the target open toward the lower baseline MA 99 (~158.00).
RSI (14) has sloped downward below the 50.00 mid-line toward 45.00, reflecting expanding seller strength and waning demand. The MACD histogram continues to print weak red bars beneath the zero line with signal lines pointing downward, confirming building bearish momentum.
$SOXL
Pair: $SOXL /USDT
Direction: SHORT
Entry Price: 163.76
Target Levels (Take Profit)
TP 1: 162.48 0.78%
TP 2: 161.63 1.30%
TP 3: 160.35 2.08%
Stop Loss
SL: 165.47 (+1.04%)
Technical Breakdown
Price Action & Structure: SOXL ($163.76) reached peak exhaustion around the $168.00–$170.00 region before rolling over into a tight, lower-high consolidation pattern. The loss of buying momentum near resistance has pushed the price zone down into the middle Bollinger Band (BB 20), opening downside room into the lower profit zone.
Short-term MA 7 and MA 25 have flattened and are beginning to curl downward above current price candles, providing immediate overhead resistance around $164.00–$165.00. A sustained push below current levels keeps the target open toward the lower baseline MA 99 (~158.00).
RSI (14) has sloped downward below the 50.00 mid-line toward 45.00, reflecting expanding seller strength and waning demand. The MACD histogram continues to print weak red bars beneath the zero line with signal lines pointing downward, confirming building bearish momentum.
$SOXL
