🚀 $SOXL is bouncing hard after a brutal sell-off — could bulls be preparing a recovery?
$SOXL is trading near $56.59, up around 25.59% in 24 hours. After falling from the $169 area to a recent low near $38.81, the chart is showing a strong rebound.
📊 Key levels to watch:
Resistance: $61.08
Next upside zone: $89.90
Support: $44.55
Major support: $38.81
Bullish scenario: If SOXL holds its recovery and breaks above $61.08, further upside could develop.
My approach: I'm watching for a confirmed breakout and a successful retest before considering a LONG. If price loses support, the bullish idea weakens.
⚠️ SOXL is a leveraged semiconductor ETF, so volatility and risk are high. No need to chase a sudden pump.
Can SOXL reclaim $61 and continue its recovery?
$SOXL #SOXL #Semiconductors #cryptotrading
$SOXL is trading near $56.59, up around 25.59% in 24 hours. After falling from the $169 area to a recent low near $38.81, the chart is showing a strong rebound.
📊 Key levels to watch:
Resistance: $61.08
Next upside zone: $89.90
Support: $44.55
Major support: $38.81
Bullish scenario: If SOXL holds its recovery and breaks above $61.08, further upside could develop.
My approach: I'm watching for a confirmed breakout and a successful retest before considering a LONG. If price loses support, the bullish idea weakens.
⚠️ SOXL is a leveraged semiconductor ETF, so volatility and risk are high. No need to chase a sudden pump.
Can SOXL reclaim $61 and continue its recovery?
$SOXL #SOXL #Semiconductors #cryptotrading
