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Everyone is bearish on SOXL, but I think there’s a clear long signal on the 4-hour chart. The 15-minute RSI is 57; momentum is building rather than exhausting, so it’s not a chase-the-high setup.
Entry: 129.69, TP1: 140.62. This 8.4% room to the target is cleanly calculated before hitting resistance. TP2: 147.90, TP3: 158.83, stop loss: 115.11. The daily chart is ranging, and a breakout is simmering.
The 4-hour EMA has already pointed the direction—wait for a pullback to 115, or bet that the range contraction will move upward? I choose the former.
$SOXL