$SOXL Betting 20% position tonight, posting as proof! 200% turnover rate and 11.7% gain structure, this is going to wash 192.52 directly to the historical low.

Whoever says AI chips are no good, look at the 24h volume of $1.87 billion—institutions are accumulating like the 997 model, clearly betting on a short squeeze before tomorrow's earnings season.
The logic of this wave doesn't need grandiose rhetoric: 3x leveraged long semiconductor, 24h low of 192.52 touched the 10-week support line, yesterday's bottom-fishing capital cost concentrated in the 195-200 range, now 237.45 is exactly 13% above the cost line, a typical "pull away from cost zone to force short covering".
On-chain large order net inflow exceeded $3 million for 4 consecutive hours, the sell orders placed by market makers at 240 were all eaten up in one gulp. This intensity can only be interpreted as preparing for the earnings surprise of tech stocks' semi-annual reports.
Action points: Enter 15% position directly at current price 237.45, place a 6% add order at 223.16 (exactly the 0.382 retracement level of this bullish candle), stop loss below 218, if broken it means the major players are distributing. Take profit in two tiers: first target 253.5 (previous high gap-up), trim half position when reached; second target 276.3 (June resistance level), keep the remaining 10% position to see 280. Don't be greedy with position sizing, total position not exceeding 20%. If price first rallies above 245 tonight without touching, wait for a pullback to 228 before entering.
If you think I'm wrong, screenshot this and slap my face tomorrow. I bet tomorrow's close will be at least 240. Those who are afraid should go buy U.S. Treasuries. If you can't stand this little volatility, don't trade leveraged coins.