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technicalsetups
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$SOXL AT A PIVOTAL RECOVERY ZONE AFTER 50% DROP 🔥
Target: $180 🚀
The semiconductor ETF has swept liquidity below the prior swing low and is now bouncing from a long-term demand zone. Volume divergence on the 4H chart suggests selling exhaustion, and the daily RSI is attempting to break above the 35 level after being oversold for three consecutive weeks.
This is the type of structural setup where disciplined traders watch for confirmation while retail capitulates. Are you seeing enough momentum to back the $180 target?
Not financial advice. Always manage your risk.
#SOXL #RecoverySetup #Semiconductor #Reversal #TechnicalSetups
🔥
Target: $180 🚀
The semiconductor ETF has swept liquidity below the prior swing low and is now bouncing from a long-term demand zone. Volume divergence on the 4H chart suggests selling exhaustion, and the daily RSI is attempting to break above the 35 level after being oversold for three consecutive weeks.
This is the type of structural setup where disciplined traders watch for confirmation while retail capitulates. Are you seeing enough momentum to back the $180 target?
Not financial advice. Always manage your risk.
#SOXL #RecoverySetup #Semiconductor #Reversal #TechnicalSetups
🔥
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