SOXL resistance level is 50. The price has been consolidating for four days; a breakout above 50 with significant volume would signal the end of the downtrend and the start of an uptrend. A bullish divergence on the 1-hour chart suggests a potential rebound. Consider buying on dips at 44, 42, or 40. Consider a 2x leverage long position. However, due to high volatility, leverage above 3x can easily lead to margin calls.