To The Moon

Semiconductors Keep Getting Wrecked—But $Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ Might Be Near a Bottom

📉 SOXL has been selling off aggressively after our bullish call a few weeks ago. 🩸

Today, it bounced 3.5%, but is this finally the bottom?

🧐 Let’s break it down:

Smart Money Zone → We pulled our Fibonacci from $15 to $64.50 and saw that SOXL tested the 0.786-0.826 level—where institutions usually step in.

Higher lows on the BX → Two weeks ago, we got our first signals of a reversal, which made this a high-probability trade.

But it failed. Instead of pushing higher, SOXL closed near its lows, locking in a 22% loss.

🔑 Here’s why I’d take this trade again every single time:

The setup met our criteria. I don’t control the outcome—I control my position size, risk, and execution.

I have a 63% win rate. Losses are inevitable, and trying to avoid them kills long-term profitability.

This is part of the game. If I took this trade 100 times, I’d still come out ahead.

🚨 So what’s next?

Daily BX needs to make higher lows → This would confirm that buyers are stepping in.

If that happens, we target $27.50 for a short-term move.

If the weekly BX confirms higher lows, that’s our sign of a true bottom and a bigger move ahead.