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$SOXL — Short squeeze signals strengthening bullish momentum.
Long $SOXL
Entry: 289.00 – 295.00
SL: 280.00
TP1: 305.00
TP2: 320.00
TP3: 345.00
A fresh $1.44K short liquidation just hit SOXL at $293.21, forcing bearish traders to cover positions as price pushed higher. While the liquidation size is modest, it confirms improving buyer strength and signals that sellers are beginning to lose control of the short-term trend.
Price is holding above key support levels while attracting renewed buying interest on pullbacks. The forced buying generated by liquidated shorts adds additional fuel to the rally, creating favorable conditions for continued upside expansion.
If SOXL maintains the 289.00–295.00 support zone and breaks above 305.00 resistance, momentum could accelerate toward higher targets. With bears under pressure and bullish sentiment improving, the path of least resistance remains firmly to the upside as buyers continue strengthening control of the market.