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$SOXL CRASHED 15% – IS THIS THE BOTTOM OR A TRAP?!"
SOXL is down 15.4% today, one of the biggest losers. But the 1-hour chart shows price approaching a major support zone at $155. This level has held twice in the past month. RSI is at 27 – deep oversold. The latest candle shows a long lower wick – buyers are stepping in.
If $155 holds, I'd expect a recovery toward $165 and $172. A break below would open the door to $148.
The selling volume is starting to fade. This is a high-risk, high-reward setup.
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