$SOXL /USDT — LONG
Short sellers on $SOXL were forced to cover their positions, leading to a localized upward push. The momentum is clearly tilting to the upside.
▸ Entry Zone: 61.80 – 62.80
▸ TP1: 64.50
▸ TP2: 66.50
▸ TP3: 69.00
▸ Stop Loss: 60.50
The chart shows that immediate downside pressure has been exhausted. With trapped shorts out of the way, the path of least resistance points higher.