$SOXLB has surged over 50% in the last seven days, trading at $67.92. Today, it is up another 6.675% on volume 1.151 times its 7-day average. This confirms strong buying interest.
The price is only 2.568% below its 7-day high of $69.71. The 14-hour RSI is 64.0, suggesting there is still room for upward movement.
This strength is notable, considering $BTC is down almost 4% today and the broader market is in 'Extreme Fear.' My view is bullish on $SOXLB . If the price closes below $65.00, it would indicate a loss of momentum and change my view to neutral.
I will be watching if $SOXLB can break cleanly above its 7-day high of $69.71 on sustained volume.
#SOXLB #StrongMomentum
The price is only 2.568% below its 7-day high of $69.71. The 14-hour RSI is 64.0, suggesting there is still room for upward movement.
This strength is notable, considering $BTC is down almost 4% today and the broader market is in 'Extreme Fear.' My view is bullish on $SOXLB . If the price closes below $65.00, it would indicate a loss of momentum and change my view to neutral.
I will be watching if $SOXLB can break cleanly above its 7-day high of $69.71 on sustained volume.
#SOXLB #StrongMomentum
