$SOXL — SELLERS TESTING MARKET SUPPORT
$SOXL faced long liquidations near $64.61, suggesting leveraged buyers were caught offside. The market may need a recovery before bullish momentum returns.
$SOXL — SHORT
Entry: 64.40 – 64.80
SL: 66.00
TP1: 63.50
TP2: 62.40
TP3: 61.00
TP4: 59.50
The liquidation pressure highlights potential weakness around $64.61. If SOXL fails to reclaim this zone and sellers continue rejecting recovery attempts, another downward move could develop. A confirmed resistance rejection would make the short setup more attractive. Avoid chasing an extended decline.
#CanNvidiaEarningsEaseMarketConcerns?
#HotCPIDecemberHikePriced
#BitcoinFiveWeeklyLosses
#Binance
$SOXL faced long liquidations near $64.61, suggesting leveraged buyers were caught offside. The market may need a recovery before bullish momentum returns.
$SOXL — SHORT
Entry: 64.40 – 64.80
SL: 66.00
TP1: 63.50
TP2: 62.40
TP3: 61.00
TP4: 59.50
The liquidation pressure highlights potential weakness around $64.61. If SOXL fails to reclaim this zone and sellers continue rejecting recovery attempts, another downward move could develop. A confirmed resistance rejection would make the short setup more attractive. Avoid chasing an extended decline.
#CanNvidiaEarningsEaseMarketConcerns?
#HotCPIDecemberHikePriced
#BitcoinFiveWeeklyLosses
#Binance