This wave of price movement came quite directly. The range that was hesitating earlier quickly gave directional feedback afterward. My focus has always been on whether the rebound would continue to fail after holding resistance at the high.

This record is for $SOXL , with the opening position at 226.10. After the price moved to 198.98, the short-side momentum started to release. +235.47% can be considered a validation of the earlier judgment.

The most critical part of the process was not how fast the drop was, but that the retracement strength was always insufficient, indicating that the key resistance level above remains intact. My trading habit is to look at the structure first, then the volatility, and not change my judgment based on a single candle.

Those who followed along can record the process together. For those who didn’t, no rush—don’t chase a missed opportunity; maintaining your own trading rhythm is more important.

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