Can a 31.44% drop set up a measured recovery? ๐
$SOXLB sits at $43.46 after a sharp 24-hour decline on $103.72M volume.
The latest hourly close at $43.69 gained 7.21%, though volume remains below average at 0.81x the 23-hour norm.
If buyers defend the recent low of $38.81, a push back toward the upper range boundary near $64.67 becomes a possibility. Conversely, losing the $38.81 mark invalidates this recovery setup and signals deeper downside risk.
Will buyers reclaim the $64.67 high before the $38.81 floor gives way?
Tap $SOXLB for the live chart. #SOXLB #BinanceSquare
$SOXLB sits at $43.46 after a sharp 24-hour decline on $103.72M volume.
The latest hourly close at $43.69 gained 7.21%, though volume remains below average at 0.81x the 23-hour norm.
If buyers defend the recent low of $38.81, a push back toward the upper range boundary near $64.67 becomes a possibility. Conversely, losing the $38.81 mark invalidates this recovery setup and signals deeper downside risk.
Will buyers reclaim the $64.67 high before the $38.81 floor gives way?
Tap $SOXLB for the live chart. #SOXLB #BinanceSquare