⚡ SOXL is testing fresh lows — could this be the beginning of a recovery?
$SOXL is trading near 62.45, down 6.05% in 24 hours. The 1H chart remains under pressure after falling from 82.92.
Here's what I'm watching for a potential LONG:
🟢 Key support: 61.09
📍 First recovery level: 64.80
🎯 Next resistance: 69.60
🚀 Higher target zone: 74.41
The key is whether buyers can defend 61.09 and reclaim 64.80. A confirmed bounce could open the door to a recovery.
⚠️ If 61.09 breaks decisively, the bullish setup is invalidated.
Can buyers turn this sell-off around?
#SOXL #SOXLUSDT #cryptotrading
$SOXL is trading near 62.45, down 6.05% in 24 hours. The 1H chart remains under pressure after falling from 82.92.
Here's what I'm watching for a potential LONG:
🟢 Key support: 61.09
📍 First recovery level: 64.80
🎯 Next resistance: 69.60
🚀 Higher target zone: 74.41
The key is whether buyers can defend 61.09 and reclaim 64.80. A confirmed bounce could open the door to a recovery.
⚠️ If 61.09 breaks decisively, the bullish setup is invalidated.
Can buyers turn this sell-off around?
#SOXL #SOXLUSDT #cryptotrading
