TQQQ Direction?

Shorted TQQQ down from 60s into the 40s, has followed chart closely and is testing support at 47.5. Oversold on 1hr, 4hr, and Daily timeframes indicate a strong possibility for a bounce. I don't recommend trading within the 42-47 price range as action in that range will likely be determined by algorithms and new headlines. If 42 support is broken potential short opportunity to 33