$SOXL , the buyer backed down first! In the spot order book, the bid on the 20-levels was pulled back from 3,735 hands to 3,166 hands; the sell wall of 4,416 hands didn’t budge at all. Liquidity depth has dropped to 0.717, and the market order book has already laid all cards on the table. The rebound still can’t even touch the 15m double moving averages; the 4h chart shows four bearish candles and two bullish ones, grinding tightly against the MA50. Once it breaks down, it will only get cut faster. Short at above 106.3; first target 101.0, directly aiming for the 24h low at 100.99—break it open and look toward 97.5. Stop loss: at 111—if it goes above, accept it.