$SOXL Shorting Remains Favored
Recent price action shows support forming at 43, while the 48–50 area is a heavy resistance zone.
The overall structure remains bearish, but the market is currently recovering after a sharp plunge. Until a decisive breakout occurs, range-bound trading is the safest approach.
$SOXL Long Setup (35% priority)
· Long entry: 41–43 (wait for a pullback to the support zone)
· Stop-loss: below 36
· Target 1: 47
· Target 2: 50
🚨 SOXL Short Setup (65% priority)
· Short entry: 48–50 (wait for a rebound to the resistance zone)
· Stop-loss: above 53
· Target 1: 44
· Target 2: 39
Support me by trading here 👇$SOXL
Recent price action shows support forming at 43, while the 48–50 area is a heavy resistance zone.
The overall structure remains bearish, but the market is currently recovering after a sharp plunge. Until a decisive breakout occurs, range-bound trading is the safest approach.
$SOXL Long Setup (35% priority)
· Long entry: 41–43 (wait for a pullback to the support zone)
· Stop-loss: below 36
· Target 1: 47
· Target 2: 50
🚨 SOXL Short Setup (65% priority)
· Short entry: 48–50 (wait for a rebound to the resistance zone)
· Stop-loss: above 53
· Target 1: 44
· Target 2: 39
Support me by trading here 👇$SOXL
