🚀 SOXLUSDT | Recovery or Another Breakdown?
SOXL is approaching a critical technical zone!
After a massive decline from $109.15 to $38.81, the price managed to recover toward $66.24 before facing renewed selling pressure.
📊 Key Support Levels:
- $59.86
- $54.94
- $50.77
🎯 Key Resistance Levels:
- $63.80
- $66.24
- $69.80
- $75.00
📈 Bullish Scenario:
A confirmed breakout above $63.80 could open the door toward $66.24 and $69.80.
📉 Bearish Scenario:
A breakdown below $59.86 could expose the $54.94 and $50.77 support zones.
💡 My Outlook:
The recovery remains interesting, but the price needs stronger buying momentum and confirmation above resistance before a new bullish trend can be confirmed.
#CryptoTrading
SOXL is approaching a critical technical zone!
After a massive decline from $109.15 to $38.81, the price managed to recover toward $66.24 before facing renewed selling pressure.
📊 Key Support Levels:
- $59.86
- $54.94
- $50.77
🎯 Key Resistance Levels:
- $63.80
- $66.24
- $69.80
- $75.00
📈 Bullish Scenario:
A confirmed breakout above $63.80 could open the door toward $66.24 and $69.80.
📉 Bearish Scenario:
A breakdown below $59.86 could expose the $54.94 and $50.77 support zones.
💡 My Outlook:
The recovery remains interesting, but the price needs stronger buying momentum and confirmation above resistance before a new bullish trend can be confirmed.
#CryptoTrading