This SOXL bounce is just a fake-out. On the 4-hour chart, price pushed up to 147 and got stuck below the moving average. A breakout? It went nowhere. The bearish structure hasn’t changed; the daily chart is still under pressure. From the spot high of 159.5, a huge bearish candle slammed price down. The bounce can’t even hold above the 20-period moving average—is this a recovery? It’s a scramble to get out. Don’t fight the bounce: short at 147.2, with a first target of 141.2; if that breaks, look for 136.6. Stop-loss at 153.6—and don’t get greedy with your position size. This is a swing trade, not a scalp.