Would you buy the SOXL reversal here? Here's my full setup
REVERSAL โ ๐ LONG
Here's what the data shows:
โข Price: 102.82 (24H Range: 101.47โ108.08)
โข RSI(14): 34.4 โ Oversold
โข EMA20: $104.46 | EMA50: $105.72 โ ๏ธ Below EMA50
โข Volume: $930.70M
๐ If yes, here's the plan:
๐ Entry: 102.28 โ 103.30
๐ Stop: 100.22
๐ฏ TP1: 109.47
๐ฏ TP2: 115.64
๐ฏ TP3: 121.80
๐ Confidence: 78%
The technical setup is pristine for long-side traders.
RSI at historic lows โ this is where smart money accumulates.
The bull trend is the dominant force.
Rejection Complete ๐
$SOXL ๐ Reverse
#SOXL