$SOXL (Bullish Trend Ride)
$SOXL has recently tested the MA60 line as support and generated a strong push upwards. Even though it is down -17.62% on the wider 24h timeframe, the short-term structure is heavily protecting the white line floor.
⚙️ THE TRADE PLAN:
📈 Long Entry: 237.50 – 238.50 (On any minor dip toward the MA60 floor)
🛑 Stop Loss (SL): 235.20 (Below the recent swing low support)
🎯 Take Profit 1 (TP): 242.50
🎯 Take Profit 2 (TP): 248.00 → 255.00
🟢 Key Support Floor: 237.39 (MA60 Line)
🔍 Quick Verdict: Clear bullish structure above the indicator. The white line is sloping up, showing that buyers are continuously entering on the pullbacks. Do not attempt to short this momentum as long as the price is trading cleanly above 237.39.
💬 Community Question
Can $SOXL clear the $243 resistance level next? 👇
SOXL is looking hot on the short-term charts, hovering at $239.61 above its MA60 floor. Are you longing the continuation up toward the local highs, or are you expecting a rejection? Drop your trade plans and targets below! 📈🚀
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