$SOXL Bullish Momentum Signal
Short positions worth $9.56K were liquidated at $164.51 on Binance, showing that bearish traders were squeezed as buyers regained control of the market.
The liquidation points to strengthening bullish sentiment. If buying volume remains strong,
$SOXL could continue its upward move and test higher resistance levels. A confirmed breakout may attract additional momentum traders and trigger more short liquidations.
Entry Zone: $163.00 – $165.50
TP1: $168.20
TP2: $172.00
TP3: $176.50
Stop Loss: $160.50
Wait for volume confirmation before entering, and manage risk carefully in volatile conditions.
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