Volume spikes 1.25x average as $SOXLB tests lower range limits.
Trading checklist:
Current price sits at $94.83 following a 6.24% daily drop. Hourly volume expanded 1.25x above the 23-hour average during this consolidation near the $94.23 range low.
Watch scenarios:
A bullish confirmation requires reclaiming the hourly close above the $94.23 base.
The invalidation scenario triggers if hourly closes break below that same $94.23 boundary with expanding volume.
Will volume absorption near $94.23 confirm a stabilization phase, or will a break below the $94.23 low invalidate the setup? What does your chart show?
Tap $SOXLB for the live chart. #SOXLB #BinanceSquare
Trading checklist:
Current price sits at $94.83 following a 6.24% daily drop. Hourly volume expanded 1.25x above the 23-hour average during this consolidation near the $94.23 range low.
Watch scenarios:
A bullish confirmation requires reclaiming the hourly close above the $94.23 base.
The invalidation scenario triggers if hourly closes break below that same $94.23 boundary with expanding volume.
Will volume absorption near $94.23 confirm a stabilization phase, or will a break below the $94.23 low invalidate the setup? What does your chart show?
Tap $SOXLB for the live chart. #SOXLB #BinanceSquare