$SOXL — Short Sellers Facing Pressure
SOXL recorded a short liquidation of $5.4749K at $76.04, showing notable pressure on bearish leveraged positions. This liquidation event places the $76 area in focus as traders monitor whether buyers can maintain upward momentum.
Support: $75.00–$73.50
Resistance: $77.50–$79.00
Next Target: $81.00–$83.00
A decisive move above $79 could strengthen the bullish setup. On the other hand, losing $75 may invite renewed selling pressure. Watch for sustained volume and confirmation rather than relying on liquidation activity alone.
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