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Thomaaas
The 15-minute chart for xSOXL/USDT demonstrates a short-term bearish continuation structure trading at $xSOXL $52.91 (-7.70%), holding above local floor support at $51.18 following a sharp downward retracement from peak resistance at $xSOXL $59.78.
Price action is testing dynamic moving average resistance with MA5 at $xSOXL $54.60, while trading near MA10 at $55.93 and baseline MA20 at $54.72, accompanied by negative MACD momentum at -0.28.
#USCPIAboveExpectations
