$SOXLB dropped 18.04% to $82.54 on $33.25M volume, testing recent extremes. 📉
The heavy 24-hour decline reflects sharp selling pressure, though volume cooling relative to the wider daily average shows momentum may be slowing.
If buyers reclaim the 83.54 hourly low, it opens a path toward testing the upper 105.45 boundary. However, failure to hold above current levels risks deeper continuation downward.
Will a confirmed hourly close above 83.54 outweigh the broader 18% slide, or does dropping below that low invalidate any immediate bounce?
Tap $SOXLB for the live chart. #SOXLB #BinanceSquare
The heavy 24-hour decline reflects sharp selling pressure, though volume cooling relative to the wider daily average shows momentum may be slowing.
If buyers reclaim the 83.54 hourly low, it opens a path toward testing the upper 105.45 boundary. However, failure to hold above current levels risks deeper continuation downward.
Will a confirmed hourly close above 83.54 outweigh the broader 18% slide, or does dropping below that low invalidate any immediate bounce?
Tap $SOXLB for the live chart. #SOXLB #BinanceSquare