📈 SOXL — BOUNCE & TESTING MOVING AVERAGE RESISTANCE! 🔄
$SOXL is trading up at 52.02 (+8.42%, or roughly Rs14,388.73), moving within an active 24-hour range between a high of 57.83 and a low of 47.43. Price action on this 4-hour chart displays a recovery bounce following the sharp capitulation down to the 38.81 swing low, pushing above the fast MA(7) (55.01 — note: currently crossing below fast price action) and reclaiming the rising MA(25) (48.31) while staying well below the macro structural MA(99) (72.19) moving average.
📊 QUICK TRADE PLAN — 4H
🟢 LONG ENTRY: 45.00–50.00 (on healthy intraday retracements or retests of the MA(25) support base)
🛑 STOP LOSS: 42.50
🎯 TP1: 62.00
🎯 TP2: 70.00
❓Are you watching for SOXL to sustain this momentum and push toward the $58+ resistance level, or expecting a retest of the lower moving average supports?
Let's discuss below! 👇
👉 Trade: $SOXL
#SOXL #CryptoTrading #BinanceSquare #bullish #TradingSignal
$SOXL is trading up at 52.02 (+8.42%, or roughly Rs14,388.73), moving within an active 24-hour range between a high of 57.83 and a low of 47.43. Price action on this 4-hour chart displays a recovery bounce following the sharp capitulation down to the 38.81 swing low, pushing above the fast MA(7) (55.01 — note: currently crossing below fast price action) and reclaiming the rising MA(25) (48.31) while staying well below the macro structural MA(99) (72.19) moving average.
📊 QUICK TRADE PLAN — 4H
🟢 LONG ENTRY: 45.00–50.00 (on healthy intraday retracements or retests of the MA(25) support base)
🛑 STOP LOSS: 42.50
🎯 TP1: 62.00
🎯 TP2: 70.00
❓Are you watching for SOXL to sustain this momentum and push toward the $58+ resistance level, or expecting a retest of the lower moving average supports?
Let's discuss below! 👇
👉 Trade: $SOXL
#SOXL #CryptoTrading #BinanceSquare #bullish #TradingSignal
