This short on $SOXL went relatively smoothly, but the process itself was by no means easy. When I opened the short around 226.10, the chart was still being yanked back and forth, and there were plenty of voices out there saying it would go up. But watching the strength of its rebound, I felt that it had already changed—the upside push wasn’t decisive, while the pullback was quick. Now the price is at 175.9, and the profit shows +437.6%.

This is the most comfortable place to profit from a decline. Once the direction gets suppressed, the room that comes next will be released quickly. Over here, I’ve already handled it in batches. I’ll take profit on 80% first, and keep the remaining 20% going, with the protection level set properly so one wave of profit doesn’t turn into an emotional trade. I had already noticed this level earlier, but there was no need to call it out too loudly in advance. The real place to act is only after the weakness is confirmed during the session.

Chasing the short now doesn’t make much sense. If it continues to weaken around 175.9, then we’ll look at the new structure; if the rebound is too fast, let it finish moving first. $BTC $ETH