Buy & Hold x2 Leveraged ETF?

I was planning to buy & hold (and dollar-cost average) the Invesco HDLV ETF. But a bit more in-depth research reveals that it’s actually x2 leveraged.

From what I understand, leveraged ETFs are best for only holding short-term. Any thoughts on this? What would be the risks/costs/drawbacks etc. of holding this ETF long-term?

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