SOXL, this downturn isn’t over yet. On the 4H chart it crashed straight from 160 down to 136.55, and the sell-off is accelerating. The most recent rebound can’t even reach 145 anymore—downward momentum is increasing, and the shorts are still pressing harder. Don’t think it looks like it’s stabilizing around 143—that’s longs collectively cutting losses, not bottom-fishing. If the current price bounces back to 145.2, that’s the short entry point for me. First target: 136.27—if it hits, don’t hesitate. If it breaks, keep holding short down to 131.5. Set the stop-loss at 151.5, a bit above. If the rebound climbs above and holds, then I’m wrong. This setup is a guillotine—if you dare to catch the fall, I’ll keep shorting.