SOXL close to a strong support

SOXL tracks the performance of the thirty largest U.S. listed semiconductor companies.

The semiconductor space is still hot, but the companies in the leveraged Direxion Daily Semiconductor Bull 3X Shares (SOXL) didn`t performed well against the inflation and raising interest rates recently.

I think SOXL is now close to the strong support of $21, pre-pandemic level, from which it can bounce to the $36 resistance.

Looking forward to read your opinion about it.