$SOXS wow! In 15 minutes, both moving averages are completely breached. In four hours, price has been slaughtered from 52.8 down to 46.9 and it’s still closing bearish. In the spot order book, the buy-side is thinner than the sell-side. Every rebound is distribution, not accumulation. Go short directly at 47.86, first target 45.5 (below the 24h low), second target 44.1 as a pullback to the prior support, stop loss 51.0.