🚨 SOXL has dropped heavily — but buyers are attempting a comeback!

$SOXL is trading near 62.25, down 17.37% in 24 hours. The 1H chart shows a sharp decline from 82.92, followed by a bounce from the recent low of 59.73.

Here's my LONG watchlist:

🟢 Key support: 59.73
📍 First recovery level: 63.67
🎯 Next resistance: 68.77
🚀 Higher target: 73.88

The bounce is interesting, but the broader 1H structure remains bearish. I want to see buyers reclaim 63.67 and hold it before considering bullish confirmation.

⚠️ A breakdown below 59.73 would weaken the LONG setup.

Is this the start of a recovery, or just a temporary bounce?

#SOXL #SOXLUSDT #cryptotrading