$SOXL Bearish momentum is building as SOXL loses trendline support. The ETF has suffered heavy selling, dropping from $164 in early October to around $107, with large trading volume confirming elevated volatility.
in.investing.com +1
Bias: SHORT — on a failed rebound.
Entry: $102 – $105
TP1: $100
TP2: $95
TP3: $90
TP4: $85
SL: $110
Confirmation: A rejection near $102–$105 supports the short setup. If price breaks above $110, invalidate the trade.
Risk warning: SOXL is a 3× leveraged semiconductor ETF, not a regular cryptocurrency. Its price can move sharply, so use low leverage and strict risk management.
in.investing.com +1
Bias: SHORT — on a failed rebound.
Entry: $102 – $105
TP1: $100
TP2: $95
TP3: $90
TP4: $85
SL: $110
Confirmation: A rejection near $102–$105 supports the short setup. If price breaks above $110, invalidate the trade.
Risk warning: SOXL is a 3× leveraged semiconductor ETF, not a regular cryptocurrency. Its price can move sharply, so use low leverage and strict risk management.