$SOXL (Direxion Daily Semiconductor Bull 3X ETF) — The $4.83K long liquidation at $48.43 indicates selling pressure and forced long closures. SOXL is showing an oversold rebound, trading near $48.34, but the broader trend remains strongly bearish. RSI is around 26, indicating weak momentum. PickWiseAI +1
EP: $48.00–$48.50 (Short on bearish rejection) TP1: $46.00 TP2: $43.50 TP3: $40.00
SL: $50.20
A rejection below $49.00 may favor further downside. A sustained breakout above $50.20 would invalidate this short setup.
SOXL is a 3x leveraged ETF with extreme volatility. Verify the live market price before entry.
#AnthropicIPOValuationDoubts $SOXL
EP: $48.00–$48.50 (Short on bearish rejection) TP1: $46.00 TP2: $43.50 TP3: $40.00
SL: $50.20
A rejection below $49.00 may favor further downside. A sustained breakout above $50.20 would invalidate this short setup.
SOXL is a 3x leveraged ETF with extreme volatility. Verify the live market price before entry.
#AnthropicIPOValuationDoubts $SOXL
