🤷 $SOXL Is $85.94 the Next Stop?
SOXL is consolidating around $94 after a strong sell-off. Buyers haven't shown a convincing recovery yet, so I'm watching the liquidity below.
🔑 Key Levels
💰 Current Zone: $94.00
🔴 Invalidation: $98.28
🎯 Downside Target: $85.94
📉 Bearish Scenario:
If selling pressure continues, price could move toward $85.94, where we may see a liquidity sweep before any potential bounce.
📈 What Would Change the Picture?
A clean candle close above $98.28 would invalidate this bearish scenario.
🧠 My Take:
I'm watching how price reacts around these levels rather than chasing the move. The next confirmation matters more than guessing.
👇 Do you think $SOXL will reach $85.94, or will buyers step in first?
#SOXL
SOXL is consolidating around $94 after a strong sell-off. Buyers haven't shown a convincing recovery yet, so I'm watching the liquidity below.
🔑 Key Levels
💰 Current Zone: $94.00
🔴 Invalidation: $98.28
🎯 Downside Target: $85.94
📉 Bearish Scenario:
If selling pressure continues, price could move toward $85.94, where we may see a liquidity sweep before any potential bounce.
📈 What Would Change the Picture?
A clean candle close above $98.28 would invalidate this bearish scenario.
🧠 My Take:
I'm watching how price reacts around these levels rather than chasing the move. The next confirmation matters more than guessing.
👇 Do you think $SOXL will reach $85.94, or will buyers step in first?
#SOXL