DIREXION DAILY SEMICONDUCTOR BEAR 3X $SOXS BOTTOMING OUT AT EXTREME OVERSOLD LEVELS! ARE BULLS READY TO REBOUND TO $32.87?
Pair: $SOXS /USDT
Direction: LONG
Entry Price: 28.92
Target Levels (Take Profit)
TP 1: 30.40 +5.12%
TP 2: 31.39 +8.54%
TP 3: 32.87 +13.66%
Stop Loss
SL: ~26.95
Technical Breakdown
SOXS ($28.93) has suffered a parabolic markdown, piercing below the lower Bollinger Band (BB 20) in an aggressive liquidity sweep. The current horizontal demand zone near $28.92 offers a strong structural base for a relief rally back toward key moving averages.
Price action is currently extended far beneath short-term MAs (MA 7 & MA 25) and the long-term baseline MA 99 (~33.00). This extreme stretch away from mean moving averages creates a classic snap-back setup toward the MA 7 / MA 25 dynamic overhead resistance levels.
RSI (14) has plunged deep into oversold territory near 25.00, confirming intense seller exhaustion and setting up a strong bullish divergence opportunity. The MACD histogram sell volume is expanding near trough levels, signaling that downside momentum is nearing completion before a bullish reversal.
$SOXS
Pair: $SOXS /USDT
Direction: LONG
Entry Price: 28.92
Target Levels (Take Profit)
TP 1: 30.40 +5.12%
TP 2: 31.39 +8.54%
TP 3: 32.87 +13.66%
Stop Loss
SL: ~26.95
Technical Breakdown
SOXS ($28.93) has suffered a parabolic markdown, piercing below the lower Bollinger Band (BB 20) in an aggressive liquidity sweep. The current horizontal demand zone near $28.92 offers a strong structural base for a relief rally back toward key moving averages.
Price action is currently extended far beneath short-term MAs (MA 7 & MA 25) and the long-term baseline MA 99 (~33.00). This extreme stretch away from mean moving averages creates a classic snap-back setup toward the MA 7 / MA 25 dynamic overhead resistance levels.
RSI (14) has plunged deep into oversold territory near 25.00, confirming intense seller exhaustion and setting up a strong bullish divergence opportunity. The MACD histogram sell volume is expanding near trough levels, signaling that downside momentum is nearing completion before a bullish reversal.
$SOXS
