Post
Meilin (美林 / 美琳)
Based on the xSOXL/USDT chart (1D), the price of 46.59 is recovering slightly (+5.65%) after dropping from 108.72 to 40.13.
Key Technical Insights
* Trend: Strong downtrend. Price sits far below the 20-day MA (74.56) and 10-day MA (59.64).
* Support & Resistance: Key bottom support is at 40.13. Immediate resistance is near 59.64, with major resistance at 108.72.
Short-Term Prediction
A temporary bounce toward the 55.00 – 60.00 zone is possible, but overhead selling pressure remains high.
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