$SOXL CONSOLIDATING AFTER A MASSIVE CRASH
SOXL has dropped sharply from 79.29 to 38.81 and is now stabilizing around 46.
Buyers are defending the 45–46 support area, but the overall trend remains weak.
LONG RECOVERY SETUP
Entry: 45.50–46.10
TP1: 49.60
TP2: 55.50
TP3: 65.00
SL: 35.00
A breakout above 47.60 could trigger a stronger recovery toward 50–52. However, losing 45 support would weaken the bullish case and increase the risk of another decline.
SOXL needs a confirmed breakout before the bulls can regain control.
Trade on $SOXL
SOXL has dropped sharply from 79.29 to 38.81 and is now stabilizing around 46.
Buyers are defending the 45–46 support area, but the overall trend remains weak.
LONG RECOVERY SETUP
Entry: 45.50–46.10
TP1: 49.60
TP2: 55.50
TP3: 65.00
SL: 35.00
A breakout above 47.60 could trigger a stronger recovery toward 50–52. However, losing 45 support would weaken the bullish case and increase the risk of another decline.
SOXL needs a confirmed breakout before the bulls can regain control.
Trade on $SOXL
