🐂 $SOXL BULL CASE
If $130 holds, I’m watching for a move through $134, then $138 → $140 → $145-$150 → $155-$160.
🐻 Risk case:
If $130 breaks down, the next levels I’m watching are $127 → $123-$124 → $117-$120.
$SOXL is around $133.04 premarket, while IV remains elevated near 110%.
My view: the momentum is strong, but this is definitely not low-risk momentum. With a 3X leveraged ETF, moves can expand quickly in either direction.
For me, $130 remains the key pivot.
If $130 holds, I’m watching for a move through $134, then $138 → $140 → $145-$150 → $155-$160.
🐻 Risk case:
If $130 breaks down, the next levels I’m watching are $127 → $123-$124 → $117-$120.
$SOXL is around $133.04 premarket, while IV remains elevated near 110%.
My view: the momentum is strong, but this is definitely not low-risk momentum. With a 3X leveraged ETF, moves can expand quickly in either direction.
For me, $130 remains the key pivot.