$SOXL — The $3.58K short liquidation at $69.62 indicates short-covering activity. However, SOXL is facing strong bearish pressure, with RSI around 38.3 and MACD negative. The latest market close is $73.12, while pre-market trading is weaker. Support lies around $70.70–$69.50, with resistance at $73.35–$74.52. Investing.com UK +2
EP: $70.70–$72.00 (Long after confirmation)
TP1: $74.50 TP2: $77.00 TP3: $81.00
SL: $68.90
A confirmed recovery above $74.50 could trigger further upside. The overall trend remains bearish, so avoid chasing entries.
SOXL is a 3x leveraged ETF. Use strict risk management and verify the live market price before entry.
