$SOXL This round of buying is all being fed to the shorts! The 20-level spot bid stack is pressing over the sell orders by 1.27x, yet the price still drops—down 6.5% as it gets smashed. The orders are thick, but if you can’t hold, you’re just a stepping stone; with active sell orders flooding in six-tenths, the 4-hour daily chart gives a double kill. Long positions are nothing but fuel. Enter at 105.7, first target 101.4. After breaking the 102.5 low, watch 98.2. Stop loss at 110.6—if it climbs back above, this trade is basically dead.