This downward move wasn’t exactly sudden. What really confirmed the direction for me was that after several rebounds, it still couldn’t hold—pressure at the high end has become increasingly obvious.

My focus is on the rhythm change of $SOXL . After opening a position around 226.10, I didn’t rush to judge the result; instead, I watched whether the price kept giving the shorts feedback. When it reached 195.01, the downside room had already been clearly opened—current return rate is +271.09%.

What I fear most in this kind of market is getting thrown off by a small pullback midway and making the wrong call, so I care more about whether the structure has been broken. As long as the rhythm is still intact, profit protection and drawdown control should be considered in parallel.

No worries if you didn’t catch this wave—trading isn’t about one bout of volatility; it’s about whether you can stay clear-headed over the long term.

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