Trading at $106.36, $SOXLB just pushed 5.43% higher on $45.62M in volume.
The latest hourly close printed at 106.65, extending past the prior 23-hour high of 105.86. However, hourly volume running at just 0.52x the preceding average suggests caution against chasing late momentum blindly.
A bullish continuation scenario requires holding above the prior range high of 105.86. Conversely, a drop back under the 98.32 session low invalidates the breakout structure.
Will you wait for volume confirmation above 105.86, or watch for a retest of the 98.32 floor?
Tap $SOXLB for the live chart. #SOXLB #BinanceSquare
The latest hourly close printed at 106.65, extending past the prior 23-hour high of 105.86. However, hourly volume running at just 0.52x the preceding average suggests caution against chasing late momentum blindly.
A bullish continuation scenario requires holding above the prior range high of 105.86. Conversely, a drop back under the 98.32 session low invalidates the breakout structure.
Will you wait for volume confirmation above 105.86, or watch for a retest of the 98.32 floor?
Tap $SOXLB for the live chart. #SOXLB #BinanceSquare