$SOXL Technical Interview: Is there still a chance with 115?
From the 4-hour timeframe, SOXL is still in a clear downtrend, with the current price around 103.
Although the short-term has already seen a relatively large pullback, there is still no very clear signal of a trend reversal. Therefore, 115 can be watched, but at this stage it’s more appropriate to define it as a “rebound target,” not a “trend reversal target.”
Several key levels:
🔹 102–103: Current short-term support zone
🔹 106–108: The first major resistance area—also an important zone for judging whether the rebound is valid
🔹 110–112: The second resistance zone
🔹 115: Core target for this round of rebound
🔹 100: A psychological level—if it is effectively broken to the downside, be careful to prevent further downside probing
If next SOXL can:
Stop falling near 103 → Reclaim 106–108 → Pull back to confirm without breaking → Break above 110–112
then the probability of extending toward 115 will increase significantly.
From 103 to 115 is about +11.7%.
For a regular ETF, that’s not small. But for SOXL, a 3x leveraged product, a rebound in the 11% range is not unusual.
However, you need to pay attention to this:
The biggest risk is that the downtrend has not yet been broken.
So I won’t just say “it has fallen enough and will reverse immediately” simply because the price has dropped a lot.
What’s truly worth focusing on is:
Whether the price can regain 106–108.
If it can’t get up there, then 115 is only a target expectation;
only after it holds above that zone does 115 become a technical trading target worth trading.
My trading approach is more like:
First, see if 103 can hold → then watch 106–108 → after a breakout, watch 110–112 → finally observe 115.
If 100 is effectively broken, then the entire rebound logic needs to be reassessed.
SOXL can have a rebound, but the most important thing right now isn’t to guess 115—it’s to wait for the trend to provide confirmation
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