$SOXLBUSDT is pushing higher with a strong 14.48 percent gain, currently trading at 103.18 while reclaiming key moving average structure.
The current setup shows price holding above the EMA20 at 98.92, which points to short term bullish momentum. However, the broader trend still requires caution as the price remains below the EMA50 sitting at 110.82, and the MACD line at -2.92 is still recovering beneath the signal line at -5.41.
RSI is currently neutral at 53.83, meaning the asset is neither overbought nor oversold, leaving room for movement in either direction.
Immediate resistance is marked at 106.85, while support rests lower at 86.37. A daily close below the invalidation risk level around the EMA20 could suggest a potential pullback toward deeper support.
Manage your risk accordingly as markets remain volatile.
Are you expecting a breakout past 106.85 or a retest of lower supports first?
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