🚨 $SOXL BREAKS THROUGH YEARLY LOW—WHAT'S NEXT? 🦈
The semiconductor leveraged play $SOXL just punched through its 2023 trough, erasing the last defensive order block that held the downside since early Q2. 🦈 Institutional sellers have cleared the liquidity pool at the 100‑point level, forcing the market to seek new demand.
On the 4‑hour chart, volume spikes align with a bullish fair‑value gap, and the RSI is climbing out of oversold territory, suggesting a potential swing back toward the 115‑120 range. 📊 Yet the price is still hugging the 100‑mark, so a disciplined stop above the broken block is essential. ⚡
Are you still riding the downside or positioning for the next institutional buy‑in? 💬
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #SOXL #Semiconductor #ShortSqueeze #TechnicalSetup
🚀 🦈
The semiconductor leveraged play $SOXL just punched through its 2023 trough, erasing the last defensive order block that held the downside since early Q2. 🦈 Institutional sellers have cleared the liquidity pool at the 100‑point level, forcing the market to seek new demand.
On the 4‑hour chart, volume spikes align with a bullish fair‑value gap, and the RSI is climbing out of oversold territory, suggesting a potential swing back toward the 115‑120 range. 📊 Yet the price is still hugging the 100‑mark, so a disciplined stop above the broken block is essential. ⚡
Are you still riding the downside or positioning for the next institutional buy‑in? 💬
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #SOXL #Semiconductor #ShortSqueeze #TechnicalSetup
🚀 🦈
