๐ $SOXLB (SOXLBUSDT) โ ๐ข LONG
๐ฐ Current price: 60.690 USDT (24h: +8.61% | 24h Vol: 34.14M USDT)
๐ฏ Entry (Entry zone): 60.447 - 60.690
โ TP1 (Take profit 1): 63.421
โ TP2 (Take profit 2): 65.606
๐ SL (Stop loss): 59.355
๐ Technical analysis: On the 4H timeframe, the price is trading firmly above the EMA7 at 55.936, confirming a short-term bullish structure following a breakout from the 24h low of 51.010. RSI(14) is at 69, indicating that buying momentum still has room to run before reaching overbought territory, while 24h trading volume of 34.14M USDT supports demand. Nearby resistance at 61.380 is a barrier to overcome; if the price holds above the Entry zone, it could target higher extension levels, with the SL below 59.355 to manage risk if the price base gives way.
โ ๏ธ Disclaimer: This analysis is for informational purposes only and is not investment advice. Do your own research (DYOR) and manage your capital carefully before trading.
๐ฐ Current price: 60.690 USDT (24h: +8.61% | 24h Vol: 34.14M USDT)
๐ฏ Entry (Entry zone): 60.447 - 60.690
โ TP1 (Take profit 1): 63.421
โ TP2 (Take profit 2): 65.606
๐ SL (Stop loss): 59.355
๐ Technical analysis: On the 4H timeframe, the price is trading firmly above the EMA7 at 55.936, confirming a short-term bullish structure following a breakout from the 24h low of 51.010. RSI(14) is at 69, indicating that buying momentum still has room to run before reaching overbought territory, while 24h trading volume of 34.14M USDT supports demand. Nearby resistance at 61.380 is a barrier to overcome; if the price holds above the Entry zone, it could target higher extension levels, with the SL below 59.355 to manage risk if the price base gives way.
โ ๏ธ Disclaimer: This analysis is for informational purposes only and is not investment advice. Do your own research (DYOR) and manage your capital carefully before trading.