$SOXL 4H VOLATILE RANGE 📊 ... Bulls Trying to Hold Support!
$SOXL has been choppy, pumping from a low of 51.04 up to a local high of 69.79, before facing rejection. Currently trading around 63.29 (+1.01%), the 4H chart shows price retracing and testing the immediate support zone.
Price is currently fighting to hold this level and avoid a deeper pullback.
A strong bounce from here could push price back towards the 66.60 – 69.79 resistance levels.
If momentum returns, a breakout above the local high is possible.
As long as 58.42 (24h low) holds as the support floor, I still see a chance for another leg up.
Still risky ... Buyers need to show strength and reclaim 66.60 first to confirm the next move.
Use stop loss while trading.
Trade on $SOXL
$SOXL has been choppy, pumping from a low of 51.04 up to a local high of 69.79, before facing rejection. Currently trading around 63.29 (+1.01%), the 4H chart shows price retracing and testing the immediate support zone.
Price is currently fighting to hold this level and avoid a deeper pullback.
A strong bounce from here could push price back towards the 66.60 – 69.79 resistance levels.
If momentum returns, a breakout above the local high is possible.
As long as 58.42 (24h low) holds as the support floor, I still see a chance for another leg up.
Still risky ... Buyers need to show strength and reclaim 66.60 first to confirm the next move.
Use stop loss while trading.
Trade on $SOXL
