$SOXL 4H BOUNCE PLAY 📉➡️📈 ... Bulls Trying to Stop the Bleeding!
$SOXL has been absolutely hammered, dumping hard from a high of 109.15 all the way down to a 24h low of 67.62. Currently trading around 74.09 (-7.00%), but we are finally seeing a green bounce off the bottom.
After such a massive crash, the price is testing a crucial support zone. The 4H chart shows buyers stepping in to defend the 67-70 area.
A strong recovery here could push price back up towards 82.60 – 94.17 (previous resistance levels).
If momentum returns, a relief rally towards 105+ is possible.
As long as 67.62 holds firmly, I still see a chance for a short-term reversal.
Still risky ... Buyers need to show strength and break above 82.60 first.
Use stop loss while trading.
Trade on $SOXL
$SOXL has been absolutely hammered, dumping hard from a high of 109.15 all the way down to a 24h low of 67.62. Currently trading around 74.09 (-7.00%), but we are finally seeing a green bounce off the bottom.
After such a massive crash, the price is testing a crucial support zone. The 4H chart shows buyers stepping in to defend the 67-70 area.
A strong recovery here could push price back up towards 82.60 – 94.17 (previous resistance levels).
If momentum returns, a relief rally towards 105+ is possible.
As long as 67.62 holds firmly, I still see a chance for a short-term reversal.
Still risky ... Buyers need to show strength and break above 82.60 first.
Use stop loss while trading.
Trade on $SOXL
