Do I cut my losses with 3x bull SPXL, or stick with it?

I admit I’m not the most educated, but I did initially buy SPXL at $29/share in 2020 (Dec 31st 2021 was $143/share). Over time I averaged out my share cost to around $85/share, and it has now dropped to $74 today.

Sucks to see it like this, and I know I probably made a mistake holding. But at this, point it kinda feels like I’d be dumb to sell low?

I’ve calculated that if the S&P 500 were to drop another 30%+ to $2400 SPXL should be wiped out. I don’t predict this will happen, but who knows honestly.

Wondering if I should go against what I usually do, and sell this?

Thanks!