🔴 $SOXL SOXL's 3x semiconductor wrapper just broke its own uptrend: the 69.79 top rolled into a volume-backed flush to 52.41 that flipped Supertrend red at 67.74 and stripped price under every EMA (7/25/99 at 57.68/59.18/66.04), and the relief bounce died right at the EMA(7)/EMA(5) lid near 57-57.7. Coinglass adds the confirmation — price pinned under MA5/10/30 (56.42/59.91/60.17) with the Bollinger midline at 62.12 far overhead and net new longs at -4.9M as holders bail, so the 56.0-56.3 doji shelf is a continuation sell, not a bottom.

Trade Setup
Entry: 56.0 - 56.3
Stop-Loss: 57.95
Targets: 52.5 - 50.8 - 49.0

Trade smart, protect your capital, and always manage your own risk. Personal analysis only not financial advice.

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