SOXL This rebound is the entry ticket for a short-seller feast—when the price bounces up to 113.2, the spot order book sells with a wall and knocks it back. The buy-side depth can’t withstand it; nine out of ten times the sell orders overwhelm it. Once it rebounds to this level, there’s only distribution left. The contract’s active sell orders are pressing down on the buy side. Open interest surged by 18% in a single day—these are all fresh short positions waiting to harvest long holders at the highs. Short directly at 113.2. First target: 108. If it breaks below 110.3, acceleration toward 104 is expected. Set a stop-loss at 122. If it breaks out, exit immediately.