$SOXL is preparing to catch one more rebound.

Right now, the RSI is already extremely oversold. Planning to bet on a short-term mean reversion in the 129.53 to 131.1 zone. For upside targets, first watch 138.34 and 144.76; if it breaks below 124.35, then exit.

But be sure to mind the risk: on the 1-hour timeframe, bearish momentum is still very strong. This trade is a counter-trend move, so there may be further downside risk. Don’t go all-in—control your position size according to your account.

Also, $MU and $SKYAI can be worth checking as well to see if there’s any upside opportunity.