๐ฅ $SOXL : BIG BOUNCE โ BULLISH REVERSAL OR DEAD CAT BOUNCE?
SOXL has jumped over 22% in the latest session, but one green candle doesn't confirm a trend reversal!
๐ข Support: $54.06
๐ข Strong support: $47.52
๐ด Resistance: $62.59
๐ Next target zone: $70.48
A daily close above $62.59 could strengthen the recovery. Losing $54.06 may bring selling pressure back.
My strategy: Wait for confirmation instead of chasing the pump.
Are you bullish on semiconductor stocks, or expecting another dip? ๐
โ ๏ธ SOXL targets 3x the daily performance of its semiconductor index. Leverage can magnify losses, and holding periods longer than one day can produce very different returns.
DYOR โข Manage risk โข Not financial advice.#CPITestsDecemberRateOutlook #NvidiaInvestigatesAfterHuangโsAffairApology #TradFiForBeginners #BitcoinFiveWeeklyLosses
SOXL has jumped over 22% in the latest session, but one green candle doesn't confirm a trend reversal!
๐ข Support: $54.06
๐ข Strong support: $47.52
๐ด Resistance: $62.59
๐ Next target zone: $70.48
A daily close above $62.59 could strengthen the recovery. Losing $54.06 may bring selling pressure back.
My strategy: Wait for confirmation instead of chasing the pump.
Are you bullish on semiconductor stocks, or expecting another dip? ๐
โ ๏ธ SOXL targets 3x the daily performance of its semiconductor index. Leverage can magnify losses, and holding periods longer than one day can produce very different returns.
DYOR โข Manage risk โข Not financial advice.#CPITestsDecemberRateOutlook #NvidiaInvestigatesAfterHuangโsAffairApology #TradFiForBeginners #BitcoinFiveWeeklyLosses
