Guys $SOXL is showing clear signs of weakness here ⚡
Entry: 124.70 - 125.10
🎯 TP1: 124.36
🎯 TP2: 122.50
Price is pinned below both moving averages with solid volume behind the push down. Longs are extremely crowded at over 77%, creating severe downside liquidation risk.
If price stays capped under resistance, expecting a test of support at 124.36 and lower.
Watching seller response closely 👀
Entry: 124.70 - 125.10
🎯 TP1: 124.36
🎯 TP2: 122.50
Price is pinned below both moving averages with solid volume behind the push down. Longs are extremely crowded at over 77%, creating severe downside liquidation risk.
If price stays capped under resistance, expecting a test of support at 124.36 and lower.
Watching seller response closely 👀