#SOXL four hours and the daily charts are both heading down, with the price staying below the 20- and 50-day moving average lines. This minor rebound is an escape ladder, not a start signal. The contract open interest was drained nearly 13% within a day, and the open interest value is still shrinking. The longs are retreating rather than adding—no one is standing guard. Any direction that rebounds higher is just free money. Short at 145 on the rebound. First target 139.2 (the 24h low). Stop loss 152.2. If it breaks above the prior high of 152.1, get out.