I’m watching $SOXL USDT after its 11.83% rally to 51.91 USDT. Semiconductor strength is encouraging, but this 3x leveraged ETF can reverse quickly when market sentiment changes. My preferred entry zone is 51.00–51.90 if support holds. I’m targeting 53.00, 54.50, and 56.00, with a stop-loss at 49.80. I’ll monitor semiconductor stocks and broader market direction for confirmation. My pro tip: avoid oversized positions because leverage magnifies both gains and losses. I’ll secure partial profits at the first target rather than expecting uninterrupted upside.
Trade setup
Entry: 51.00–51.90
SL: 49.80
TP1: 53.00
TP2: 54.50
TP3: 56.00